Bill Text: NY A07413 | 2023-2024 | General Assembly | Introduced

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Bill Title: Permits the Auburn enlarged city school district to establish an insurance reserve fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-06-21 - substituted by s6667 [A07413 Detail]

Download: New_York-2023-A07413-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7413

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 19, 2023
                                       ___________

        Introduced by M. of A. LEMONDES -- read once and referred to the Commit-
          tee on Education

        AN ACT to amend the general municipal law, in relation to permitting the
          Auburn enlarged city school district to establish an insurance reserve
          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 separately amended by chapters 251 and 338  of  the
     3  laws of 2022, is 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  the  Scarsdale union free school district, the Mamaroneck
    18  union free school district, the Minisink Valley central school district,
    19  the Vernon Verona Sherrill central  school  district,  the  Ithaca  city
    20  school  district,  the  Kenmore-Town  of  Tonawanda  union  free  school
    21  district, the Bedford central school district, the Grand Island  central
    22  school  district,  the Tonawanda city school district, the enlarged city
    23  school district of Middletown, the Frontier central school district, the
    24  Owego Apalachin  central  school  district,  the  Maine-Endwell  central

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11144-01-3
        A. 7413                             2

     1  school district, the Binghamton city school district, the Candor central
     2  school  district,  the  Depew  union free school district, the Liverpool
     3  central school district, the Auburn enlarged city school  district,  the
     4  Carmel  central  school  district,  and  the  Canastota  central  school
     5  district may establish insurance reserve funds in compliance  with  this
     6  section  and  article  seventy-four of the education law and such school
     7  districts may make expenditures in  compliance  with  this  section  and
     8  article seventy-four of the education law from such reserve fund for any
     9  loss,  claim,  action  or  judgment  for  which the school districts are
    10  authorized or required to purchase or maintain insurance for  the  kinds
    11  of  risks  for which insurance is authorized pursuant to paragraph three
    12  of subsection (a) of section one thousand one hundred  thirteen  of  the
    13  insurance law.
    14    § 2. This act shall take effect immediately.