Bill Text: NY S06860 | 2019-2020 | General Assembly | Introduced

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Bill Title: Permits the West Seneca central school district to establish an insurance reserve fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-09 - RECOMMIT, ENACTING CLAUSE STRICKEN [S06860 Detail]

Download: New_York-2019-S06860-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6860

                               2019-2020 Regular Sessions

                    IN SENATE

                                    November 20, 2019
                                       ___________

        Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules

        AN ACT to amend the general municipal law, in relation to permitting the
          West Seneca 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 318,  321,  325  and
     3  342 of the laws of 2019, 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 Vernon Verona
    18  Sherrill  central  school  district,  the Minisink Valley central school
    19  district, [and] the Ithaca city school district [and], the  Kenmore-Town
    20  of  Tonawanda  union  free  school  district,  [and] the Bedford central
    21  school district [and], the Grand Island central school district and  the
    22  West  Seneca  central  school  district  may establish insurance reserve
    23  funds in compliance with this section and article  seventy-four  of  the
    24  education law and such school districts may make expenditures in compli-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14242-01-9
        S. 6860                             2

     1  ance  with  this  section  and article seventy-four of the education law
     2  from such reserve fund for any loss, claim, action or judgment for which
     3  the school districts are authorized or required to purchase or  maintain
     4  insurance  for  the  kinds  of  risks  for which insurance is authorized
     5  pursuant to paragraph three of subsection (a) of  section  one  thousand
     6  one hundred thirteen of the insurance law.
     7    § 2. This act shall take effect immediately.