20-411. INSURANCE OF PRODUCTS, MATERIALS AND EQUIPMENT -- PAYMENT
OF COST OF INSURANCE. The board may, in its discretion, insure any or all
products produced at any institution under the jurisdiction of the board of
correction, whether the products are finished or unfinished, the materials
from which such products are made or to be made, and the equipment necessary
for the production thereof, against any and all risks of loss, wherever such
products, materials or equipment are located, while in the possession of the
institution and while in transit thereto or therefrom, or in storage, in such
amounts as the board deems proper. The cost of such insurance shall be paid
from the correctional industries betterment account.
[I.C., sec. 20-411, as added by 1974, ch. 48, sec. 2, p. 1096; am.
1980, ch. 101, sec. 9, p. 223; am. 1983, ch. 223, sec. 3, p. 619.]