Bill Text: NY S06667 | 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 (Democrat 1-0)

Status: (Passed) 2023-10-25 - SIGNED CHAP.598 [S06667 Detail]

Download: New_York-2023-S06667-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6667

                               2023-2024 Regular Sessions

                    IN SENATE

                                       May 4, 2023
                                       ___________

        Introduced  by  Sen.  MAY  --  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 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
        S. 6667                             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.