Bill Text: NY S06880 | 2019-2020 | General Assembly | Introduced


Bill Title: Permits the Depew union free school district to establish an insurance reserve fund.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2020-07-22 - referred to education [S06880 Detail]

Download: New_York-2019-S06880-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          6880

                               2019-2020 Regular Sessions

                    IN SENATE

                                    December 4, 2019
                                       ___________

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

        AN ACT to amend the general municipal law, in relation to permitting the
          Depew 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 318, 321, 325,  342,
     3  499,  509,  510  and  551  of  the  laws  of 2019, is amended to read as
     4  follows:
     5    (a) The governing board of any municipal corporation may  establish  a
     6  reserve  fund  to  be  known  as  the  insurance  reserve fund. Upon the
     7  creation of the fund, the municipality may make  expenditures  from  the
     8  fund  for  any  loss,  claim, action or judgment for which the municipal
     9  corporation is authorized or required to purchase or maintain insurance,
    10  except those kinds of risks for which insurance is  authorized  pursuant
    11  to  paragraph  one,  two,  three, fifteen, sixteen, seventeen, eighteen,
    12  twenty-two or twenty-three of subsection (a) of section one thousand one
    13  hundred thirteen of the insurance  law,  or  for  payments  in  lieu  of
    14  contributions under article eighteen of the labor law; provided however,
    15  that  no  municipality  shall make an expenditure from such fund for any
    16  loss, claim, action or judgment for which the municipal corporation  has
    17  established  a  reserve fund under any other provision of law; provided,
    18  further that the Scarsdale union free school  district,  the  Mamaroneck
    19  union free school district, the Minisink Valley central school district,
    20  the  Vernon  Verona  Sherrill  central school district, [and] the Ithaca
    21  city school district [and], the Kenmore-Town  of  Tonawanda  union  free
    22  school  district,  [and]  the Bedford central school district [and], the
    23  Grand Island central school district [and], the  Tonawanda  city  school
    24  district  [and],  the enlarged city school district of Middletown [and],

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14374-01-9

        S. 6880                             2

     1  the Frontier central school district and the  Depew  union  free  school
     2  district  may  establish insurance reserve funds in compliance with this
     3  section and article seventy-four of the education law  and  such  school
     4  districts  may  make  expenditures  in  compliance with this section and
     5  article seventy-four of the education law from such reserve fund for any
     6  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.
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