The New York State Senate

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  11079

                          I N  A S S E M B L Y

                              June 4, 2018
                               ___________

Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. Ryan) --
  read once and referred to the Committee on Education

AN ACT to amend the general municipal law, in relation to permitting the
  Frontier central 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
FRONTIER CENTRAL SCHOOL DISTRICT may establish insurance  reserve  funds
in  compliance  with this section and article seventy-four of the educa-
tion 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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15965-01-8