Bill Text: NY A03629 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to permitting the Kenmore-Town of Tonawanda union free school district to establish an insurance reserve fund.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2019-10-03 - signed chap.321 [A03629 Detail]

Download: New_York-2019-A03629-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3629
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 29, 2019
                                       ___________
        Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
          Committee on Education
        AN ACT to amend the general municipal law, in relation to permitting the
          Kenmore-Town of Tonawanda union free 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 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 and the
    21  Kenmore-Town of Tonawanda  union  free  school  district  may  establish
    22  insurance  reserve  funds  in  compliance  with this section and article
    23  seventy-four of the education law and such  school  districts  may  make
    24  expenditures in compliance with this section and article seventy-four of
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03913-01-9
        A. 3629                             2
     1  the  education law from such reserve fund for any loss, claim, action or
     2  judgment for which the school districts are authorized  or  required  to
     3  purchase  or  maintain insurance for the kinds of risks for which insur-
     4  ance  is  authorized  pursuant  to  paragraph three of subsection (a) of
     5  section one thousand one hundred thirteen of the insurance law.
     6    § 2. This act shall take effect immediately.