Bill Text: NY S06870 | 2019-2020 | General Assembly | Amended

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO LOCAL GOVERNMENT [S06870 Detail]

Download: New_York-2019-S06870-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         6870--A

                               2019-2020 Regular Sessions

                    IN SENATE

                                    November 22, 2019
                                       ___________

        Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
          printed to be  committed  to  the  Committee  on  Rules  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee

        AN ACT to amend the general municipal law, in relation to permitting the
          Holland 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,  342,
     3  499,  509,  510  and  551  of  the  laws  of 2019, is amended to read as
     4  follows:
     5    (a) The governing board of any municipal corporation may  establish  a
     6  reserve  fund  to  be  known  as  the  insurance  reserve fund. Upon the
     7  creation of the fund, the municipality may make  expenditures  from  the
     8  fund  for  any  loss,  claim, action or judgment for which the municipal
     9  corporation is authorized or required to purchase or maintain insurance,
    10  except those kinds of risks for which insurance is  authorized  pursuant
    11  to  paragraph  one,  two,  three, fifteen, sixteen, seventeen, eighteen,
    12  twenty-two or twenty-three of subsection (a) of section one thousand one
    13  hundred thirteen of the insurance  law,  or  for  payments  in  lieu  of
    14  contributions under article eighteen of the labor law; provided however,
    15  that  no  municipality  shall make an expenditure from such fund for any
    16  loss, claim, action or judgment for which the municipal corporation  has
    17  established  a  reserve fund under any other provision of law; provided,
    18  further that the Scarsdale union free school  district,  the  Mamaroneck
    19  union free school district, the Minisink Valley central school district,
    20  the  Vernon  Verona  Sherrill  central school district, [and] the Ithaca
    21  city school district [and], the Kenmore-Town  of  Tonawanda  union  free
    22  school  district,  [and]  the Bedford central school district [and], the
    23  Grand Island central school district [and], the  Tonawanda  city  school

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14279-03-9
        S. 6870--A                          2

     1  district  [and],  the enlarged city school district of Middletown [and],
     2  the Frontier central school district, and  the  Holland  central  school
     3  district  may  establish insurance reserve funds in compliance with this
     4  section  and  article  seventy-four of the education law and such school
     5  districts may make expenditures in  compliance  with  this  section  and
     6  article seventy-four of the education law from such reserve fund for any
     7  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.