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Assembly Bill A8738A

2017-2018 Legislative Session

Relates to insurance reserve funds of certain school districts

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Archive: Last Bill Status - In Senate Committee Rules Committee

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Bill Amendments

2017-A8738 - Details

See Senate Version of this Bill:
S7055
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
A505, S948

2017-A8738 - Summary

Allows the Ithaca city school district to establish insurance reserve funds.

2017-A8738 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8738
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             October 20, 2017
                                ___________
 
 Introduced by M. of A. LIFTON -- read once and referred to the Committee
   on Education
 
 AN  ACT  to  amend  the  general municipal law, in relation to insurance
   reserve funds of certain school districts
 
   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 ITHACA 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 seven-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2017-A8738A (ACTIVE) - Details

See Senate Version of this Bill:
S7055
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
A505, S948

2017-A8738A (ACTIVE) - Summary

Allows the Ithaca city school district to establish insurance reserve funds.

2017-A8738A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8738--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             October 20, 2017
                                ___________
 
 Introduced by M. of A. LIFTON -- read once and referred to the Committee
   on  Education  -- recommitted to the Committee on Education in accord-
   ance with Assembly Rule  3,  sec.  2  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee

 AN ACT to amend the general municipal  law,  in  relation  to  insurance
   reserve funds of certain school districts
 
   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
 ITHACA CITY SCHOOL DISTRICT may establish  insurance  reserve  funds  in
 compliance  with  this section and article seventy-four of the education
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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