Bill Text: NY S09247 | 2023-2024 | General Assembly | Introduced

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Bill Title: Permits the Fulton city school district to establish an insurance reserve fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-07 - REFERRED TO EDUCATION [S09247 Detail]

Download: New_York-2023-S09247-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9247

                    IN SENATE

                                       May 7, 2024
                                       ___________

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

        AN ACT to amend the general municipal law, in relation to permitting the
          Fulton 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 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 Liverpool central school district,
    28  the  Auburn  enlarged  city  school  district, the Carmel central school

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13280-02-3
        S. 9247                             2

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