Authorizes BOCES to establish a workers' compensation reserve fund

This bill authorizes Boards of Cooperative Educational Services (BOCES) to create a workers' compensation reserve fund, joining school districts and other entities that are already permitted to do so. The legislation allows these organizations to set aside money specifically for paying workers' compensation benefits and covering the costs of running their self-insurance programs. Funds in the reserve must be kept separate from other finances and can only be used for authorized claims or administrative expenses, with any excess money at the end of a fiscal year allowed to be transferred to other approved funds or applied to the next year's budget.