Bill Text: NY A02327 | 2013-2014 | General Assembly | Amended

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Bill Title: Relates to expenditures from the insurance reserve fund established by the Scarsdale union free school district.

Spectrum: Partisan Bill (Democrat 14-0)

Status: (Passed) 2014-11-21 - signed chap.433 [A02327 Detail]

Download: New_York-2013-A02327-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        2327--A
                                                               Cal. No. 133
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 14, 2013
                                      ___________
       Introduced  by M. of A. PAULIN, MAGNARELLI, GOTTFRIED, BRINDISI, ABINAN-
         TI, GUNTHER, HOOPER,  JAFFEE,  LUPARDO,  ROBERTS,  OTIS,  BUCHWALD  --
         Multi-Sponsored  by  --  M.  of  A.  SWEENEY,  THIELE -- read once and
         referred to the Committee on Local Governments -- ordered to  a  third
         reading  --  passed  by Assembly and delivered to the Senate, recalled
         from the Senate, vote reconsidered, bill amended,  ordered  reprinted,
         retaining its place on the order of third reading
       AN  ACT  to  amend the general municipal law, in relation to authorizing
         the establishment of an insurance reserve fund by the Scarsdale  union
         free  school district and detailing what expenditures may be made from
         such fund
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (a) of subdivision 2 of section 6-n of the gener-
    2  al  municipal  law,  as  amended  by chapter 350 of the laws of 1988, is
    3  amended to read as follows:
    4    (a) The governing board of any municipal corporation may  establish  a
    5  reserve  fund  to  be  known  as  the  insurance  reserve fund. Upon the
    6  creation of the fund, the municipality may make  expenditures  from  the
    7  fund  for  any  loss,  claim, action or judgment for which the municipal
    8  corporation is authorized or required to purchase or maintain insurance,
    9  except those kinds of risks for which insurance is  authorized  pursuant
   10  to  paragraph  one,  two,  three, fifteen, sixteen, seventeen, eighteen,
   11  twenty-two or twenty-three of subsection (a) of section one thousand one
   12  hundred thirteen of the insurance  law,  or  for  payments  in  lieu  of
   13  contributions under article eighteen of the labor law; provided however,
   14  that  no  municipality  shall make an expenditure from such fund for any
   15  loss, claim, action or judgment for which the municipal corporation  has
   16  established  a  reserve fund under any other provision of law; PROVIDED,
   17  FURTHER THAT IN THE CASE OF THE SCARSDALE UNION FREE SCHOOL DISTRICT, AN
   18  INSURANCE RESERVE FUND MAY BE ESTABLISHED AND SUCH SCHOOL  DISTRICT  MAY
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03209-05-4
       A. 2327--A                          2
    1  MAKE  EXPENDITURES FROM SUCH RESERVE FUND FOR ANY LOSS, CLAIM, ACTION OR
    2  JUDGMENT FOR WHICH THE SCHOOL DISTRICT  IS  AUTHORIZED  OR  REQUIRED  TO
    3  PURCHASE  OR  MAINTAIN INSURANCE FOR THE KINDS OF RISKS FOR WHICH INSUR-
    4  ANCE  IS  AUTHORIZED  PURSUANT  TO  PARAGRAPH THREE OF SUBSECTION (A) OF
    5  SECTION ONE THOUSAND ONE HUNDRED THIRTEEN OF THE INSURANCE LAW.
    6    S 2. This act shall take effect immediately.