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Assembly Bill A10380

2017-2018 Legislative Session

Relates to permitting the Tonawanda city school district to establish an insurance reserve fund

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2017-A10380 (ACTIVE) - Details

See Senate Version of this Bill:
S8244
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
A3628, S1736

2017-A10380 (ACTIVE) - Summary

Relates to permitting the Tonawanda city school district to establish an insurance reserve fund.

2017-A10380 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10380
 
                           I N  A S S E M B L Y
 
                              April 18, 2018
                                ___________
 
 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
   Tonawanda city 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:

   Section 1. Paragraph (a) of subdivision 2 of section 6-n of the gener-
 al  municipal  law, as separately amended by chapters 414 and 416 of the
 laws of 2016, is amended to read as follows:
   (a) The governing board of any municipal corporation may  establish  a
 reserve  fund  to  be  known  as  the  insurance  reserve fund. Upon the
 creation of the fund, the municipality may make  expenditures  from  the
 fund  for  any  loss,  claim, action or judgment for which the municipal
 corporation is authorized or required to purchase or maintain insurance,
 except those kinds of risks for which insurance is  authorized  pursuant
 to  paragraph  one,  two,  three, fifteen, sixteen, seventeen, eighteen,
 twenty-two or twenty-three of subsection (a) of section one thousand one
 hundred thirteen of the insurance  law,  or  for  payments  in  lieu  of
 contributions under article eighteen of the labor law; provided however,
 that  no  municipality  shall make an expenditure from such fund for any
 loss, claim, action or judgment for which the municipal corporation  has
 established  a  reserve fund under any other provision of law; provided,
 further that the Scarsdale union free school district [and], the  Vernon
 Verona Sherrill central school district [may establish insurance reserve
 funds  in  compliance  with this section and article seventy-four of the
 education law and], the Minisink Valley central school district AND  THE
 TONAWANDA  CITY SCHOOL DISTRICT may establish insurance reserve funds in
 compliance with this section and article seventy-four of  the  education
 law  and  such school districts may make expenditures in compliance with
 this section and article seventy-four of the  education  law  from  such
 reserve  fund  for  any  loss,  claim,  action or judgment for which the
 school districts are authorized or  required  to  purchase  or  maintain
 insurance  for  the  kinds  of  risks  for which insurance is authorized
 pursuant to paragraph three of subsection (a) of  section  one  thousand
 one hundred thirteen of the insurance law.
   § 2. This act shall take effect immediately.

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