§ 30534 Revenue Loss Insurance Authority

• •The district can buy insurance to protect its money if something bad happens.
• •The insurance can cover any reason that makes the district lose money.
• •This rule was added a long time ago, in 1964.

A big storm damages a school, and the district loses money because they have to fix it.

The district can use insurance to get the money back that they lost because of the storm.