Bill Text: NY S00948 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 948 (Prior Session Legislation)

Introduced

Bill Title: Allows the Ithaca city school district to establish insurance reserve funds.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2019-10-03 - signed chap.318 [S00948 Detail]

Download: New_York-2019-S00948-Introduced.html

                STATE OF NEW YORK
        ________________________________________________________________________
                                           948
                               2019-2020 Regular Sessions
                    IN SENATE
                                     January 9, 2019
                                       ___________
        Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
        AN ACT to amend the general municipal  law,  in  relation  to  insurance
          reserve funds of certain school districts
          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  Ithaca city school district may establish  insurance  reserve  funds  in
    22  compliance  with  this section and article seventy-four of the education
    23  law and such school districts may make expenditures in  compliance  with
    24  this  section  and  article  seventy-four of the education law from such
    25  reserve fund for any loss, claim,  action  or  judgment  for  which  the
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05101-01-9

        S. 948                              2
     1  school  districts  are  authorized  or  required to purchase or maintain
     2  insurance for the kinds of  risks  for  which  insurance  is  authorized
     3  pursuant  to  paragraph  three of subsection (a) of section one thousand
     4  one hundred thirteen of the insurance law.
     5    § 2. This act shall take effect immediately.