Bill Text: NY A09091 | 2023-2024 | General Assembly | Introduced

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Bill Title: Authorizes the Iroquois central school district to establish an insurance reserve fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-02-06 - referred to education [A09091 Detail]

Download: New_York-2023-A09091-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9091

                   IN ASSEMBLY

                                    February 6, 2024
                                       ___________

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

        AN  ACT  to  amend the general municipal law, in relation to authorizing
          the Iroquois central 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 589 and 598 of the
     3  laws of 2023, 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
    25  school district, the Binghamton city school district, the Candor central
    26  school district, the Cleveland Hill  union  free  school  district,  the
    27  Depew  union free school district, the Iroquois central school district,

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14051-01-4
        A. 9091                             2

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