Bill Text: NY S01737 | 2019-2020 | General Assembly | Introduced
Bill Title: Allows the Grand Island central school district, the Tonawanda central school district, the Kenmore Tonawanda union free school district, the Frontier central school district, and the Orchard Park central school district to establish insurance reserve funds.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-08-11 - RECOMMIT, ENACTING CLAUSE STRICKEN [S01737 Detail]
Download: New_York-2019-S01737-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1737 2019-2020 Regular Sessions IN SENATE January 16, 2019 ___________ Introduced by Sen. JACOBS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law, in relation to insurance reserve funds of certain school districts 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 414 and 416 of the 3 laws of 2016, 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 and the Vernon 18 Verona Sherrill central school district may establish insurance reserve 19 funds in compliance with this section and article seventy-four of the 20 education law and the Minisink Valley central school district may estab- 21 lish insurance reserve funds in compliance with this section and article 22 seventy-four of the education law and the Grand Island central school 23 district, the Tonawanda central school district, the Kenmore Tonawanda 24 union free school district, the Frontier central school district, and 25 the Orchard Park central school district may establish insurance reserve EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05801-01-9S. 1737 2 1 funds in compliance with this section and article seventy-four of the 2 education law and such school districts may make expenditures in compli- 3 ance with this section and article seventy-four of the education law 4 from such reserve fund for any loss, claim, action or judgment for which 5 the school districts are authorized or required to purchase or maintain 6 insurance for the kinds of risks for which insurance is authorized 7 pursuant to paragraph three of subsection (a) of section one thousand 8 one hundred thirteen of the insurance law. 9 § 2. This act shall take effect immediately.
