The following words and terms shall have the meaning indicated unless the context shall clearly indicate a different meaning: (1) "Governing body" means the body which exercises the functions of the local housing authority. (2) "Interlocal risk management agency" means an association formed by two or more local housing authorities by an interagency agreement made pursuant to the provisions of this Part VII, for the development and administration of an interlocal risk management program and one or more group self-insurance funds. (3) "Interlocal risk management program" means a plan and activities carried out under such plan by an interlocal risk management agency to reduce risk of loss, including safety engineering and other loss prevention and control techniques, and to administer one or more local self-insurance funds, each established for one or more risks, including the processing and defense of claims brought against members of the agency. (4) "Local housing authority" means any parish or municipal housing authority. (5) "Self-insurance fund" means a pool of public monies established by an interlocal risk management agency from contributions of its members in order: (a) To pool any one or more of the following risks: general liability, workers' compensation, public officials liability, including employment practices liability, property, or any other line of coverage approved by the board of trustees of the interlocal risk management agency. (b) To purchase insurance for risks of general liability, workers' compensation, property coverage, or other lines of coverage approved by the board of trustees of the interlocal risk management agency. (6) Repealed by Acts 2004, No. 700, §2.
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