Indiana Code 5-1.2-2-41. “Liability or other loss insurance reserves”
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Sec. 41. “Liability or other loss insurance reserves”, for purposes of an educational facility project under IC 5-1.2-8, means a fund or funds set aside as a reserve to cover risk retained by an eligible member in connection with liability claims or other losses.
As added by P.L.189-2018, SEC.25.