Bill Text: NY A08139 | 2019-2020 | General Assembly | Introduced


Bill Title: Authorizes the Frontier central school district to establish an insurance reserve fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-06-20 - substituted by s1732 [A08139 Detail]

Download: New_York-2019-A08139-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          8139

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      June 4, 2019
                                       ___________

        Introduced  by  M. of A. RYAN -- read once and referred to the Committee
          on Education

        AN ACT to amend the general municipal law, in relation to permitting the
          Frontier 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 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  Frontier central school district may establish insurance  reserve  funds
    22  in  compliance  with this section and article seventy-four of the educa-
    23  tion law and such school districts may make expenditures  in  compliance
    24  with  this  section  and  article seventy-four of the education law from

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05803-01-9

        A. 8139                             2

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