§ 8-4. Expenditures made from fund.

An expenditure may be made from said Tort Liability Reserve Fund only with the authorization of the Town Board of the Town of Hempstead and only for a specific object or purpose. Any expenditure made from said fund to pay all or part of the cost of a judgment, claim, award or determination arising out of the management, improvement, operation or maintenance of any special improvement, district located in the Town of Hempstead shall be charged back against such district and raised in the same manner as other district charges. Any amount so charged to a district shall be included in determining the amount of such fund, exclusive of any interest or capital gains realized from the investment of the money in such fund.