The Franklin Circuit Court has approved an agreed judgment to return funds from the defunct Kentucky School Board Insurance Trust to nearly 200 Kentucky schools, colleges, and education groups and to the Kentucky League of Cities Insurance Services Association. Under the terms of the settlements, $1 million will be returned immediately to schools and another $1 million will be returned immediately to the League of Cities. Each of the 193 schools that were assessed as part of the Insurance Trust’s failure will receive an amount proportional to the assessment each paid as its members. Schools and KLCIS may receive additional payments in the future if funds are available.