Sec. 70-415.272. - Funding and purpose.
(a) When used in this division, the term "judgment" means any settlement agreement, or any final judgment or order rendered against the city by a state court or by a federal court where the judgment or order is based exclusively under state law.
(b) The Judgment Fund shall be dedicated and used exclusively for the payment of judgments and, notwithstanding any law to the contrary, shall receive an annual appropriation of not less than $2,000,000. The Judgment Fund shall be funded by revenues received from state court judgments in favor of the city, excluding those relative to payment of taxes and fees, and the proceeds of insurance settlements, excluding replacement costs and reimbursements. The fund shall be supplemented by other available revenues, as needed, to satisfy the minimum funding threshold established herein.
(c) The Judgment Fund shall exist as a funding unit within the law department. Expenditures from the fund shall be made at the direction of the city attorney, who shall ensure and document that expenditures are made only for the purposes set forth herein and as required by law.
(M.C.S., Ord. No. 27543, § 1(70-415.269), 9-14-17, eff. 1-1-19; M.C.S., Ord. No. 30031, § 1, 8-22-24)
