Permits the Clarence central school district to establish an insurance reserve fund

This bill authorizes the Clarence Central School District to create an insurance reserve fund to help cover specific financial losses. Under the new rules, the district can use money from this fund to pay for claims, lawsuits, or judgments related to risks that the school is required to insure against. The legislation also grants similar fund-creation rights to several other specific school districts across the state, provided they follow existing education laws. By allowing these districts to set aside money for insurance-related expenses, the bill aims to provide a dedicated financial resource for handling potential liabilities.