Bill Text: NY S01064 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 1064 (Prior Session Legislation)

Introduced

Bill Title: Authorizes boards of cooperative educational services to establish workers' compensation reserve funds.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2019-03-25 - RECOMMIT, ENACTING CLAUSE STRICKEN [S01064 Detail]

Download: New_York-2019-S01064-Introduced.html

                STATE OF NEW YORK
        ________________________________________________________________________
                                          1064
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 10, 2019
                                       ___________
        Introduced  by  Sens.  YOUNG, BROOKS, CARLUCCI -- 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 authorizing
          boards of  cooperative  educational  services  to  establish  workers'
          compensation reserve funds
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The section heading and subdivisions  1,  3,  4  and  6  of
     2  section 6-j of the general municipal law, the section heading as amended
     3  by  chapter  704 of the laws of 1956, subdivisions 1 and 4 as amended by
     4  chapter 476 of the laws of 2018, subdivision 3 as amended by chapter 140
     5  of the laws of 1996 and subdivision 6 as amended by chapter 340  of  the
     6  laws  of  1973 and as renumbered by chapter 433 of the laws of 1987, are
     7  amended to read as follows:
     8    [Workmen's] Workers' compensation reserve fund.
     9    1. The governing board of any municipal corporation, school  district,
    10  board of cooperative educational services or fire district, which is, or
    11  shall [hereafter] become a self-insurer under the provisions of subdivi-
    12  sion  four  of section fifty of the workers' compensation law or section
    13  thirty of the  volunteer  firefighters'  benefit  law  may  establish  a
    14  reserve  fund  to  be known as the workers' compensation reserve fund of
    15  such municipal corporation, school district, board of cooperative educa-
    16  tional services or fire district.
    17    3. The moneys in such fund shall  be  deposited  and  secured  in  the
    18  manner  provided by section ten of this article.  The money in such fund
    19  so deposited shall be accounted for separate and apart  from  all  other
    20  funds  of the municipality, school district, board of cooperative educa-
    21  tional services or fire district, in the  same  manner  as  provided  in
    22  subdivision  ten of section six-c of this article.  The governing board,
    23  or the chief fiscal officer of such municipality, school district, board
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03082-02-9

        S. 1064                             2
     1  of cooperative educational services or fire district, if  the  governing
     2  board  shall  delegate such duty to him or her, may invest the moneys in
     3  such fund in the manner provided in section eleven of this article.  Any
     4  interest  earned  or  capital gain realized on the money so deposited or
     5  invested shall accrue to and become part  of  such  fund.  The  separate
     6  identity  of such fund shall be maintained whether its assets consist of
     7  cash or investments or both.
     8    4. An expenditure shall be made from such fund only for the payment of
     9  compensation and benefits, medical, hospital or other expense authorized
    10  by article two of the workers' compensation law  and  by  the  volunteer
    11  firefighters'  benefit  law and expenses of administering the self-insu-
    12  rance program for such municipal corporation, school district, board  of
    13  cooperative educational services or fire district.
    14    6. If the municipal corporation, school district, board of cooperative
    15  educational  services or fire district shall, after the establishment of
    16  such fund, cease to be a self-insurer, the moneys remaining in such fund
    17  may be transferred to any other  fund  authorized  by  this  chapter  or
    18  section  thirty-six  hundred  fifty-one of the education law only to the
    19  extent that the moneys in such fund  shall  exceed  in  amount  the  sum
    20  sufficient  to  pay  all expenditures authorized in [paragraph numbered]
    21  subdivision four of this section, both accrued and contingent.
    22    § 2. This act shall take effect immediately.