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Assembly Bill A10512

2017-2018 Legislative Session

Relates to the insurance reserve funds of the Niskayuna central school district

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Archive: Last Bill Status - On Floor Calendar

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2017-A10512 (ACTIVE) - Details

See Senate Version of this Bill:
S8231
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L

2017-A10512 (ACTIVE) - Summary

Relates to the insurance reserve funds of the Niskayuna central school district.

2017-A10512 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10512
 
                           I N  A S S E M B L Y
 
                                May 4, 2018
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Education
 
 AN ACT to amend the general municipal law, in relation to the  insurance
   reserve funds of the Niskayuna central school district
 
   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 may estab-
 lish insurance reserve funds in compliance with this section and article
 seventy-four of the education  law  AND  THE  NISKAYUNA  CENTRAL  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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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