§ 12-4. Disbursement of funds.

No monies shall be disbursed from the Fund except:

(1) to pay casualty and liability losses, and such other categories of losses or obligations consistent with the insurance and risk management program purposes of the Fund as may be directed by law or by the Board of Estimates;

(2) to pay insurance premiums; and

(3) to cover the actual cost of administering the expenses related to a risk management program.