§ 12-2. Creation of Fund; funding.

(a) Fund created.

There is created a Self-Insurance Fund.

(b) Funding.

(1) The initial funding shall be such amounts as may be provided:

(i) by the Fiscal Year 1987 Ordinance of Estimates;

(ii) such supplementary appropriation ordinance(s) that may be enacted for this purpose; and

(iii) from transfer of existing insurance reserves.

(2) In succeeding years the Fund shall be replenished or augmented as may be required.

(3) The Fund shall not exceed $27,000,000.