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Senate Bill S6498

2017-2018 Legislative Session

Relates to insurance reserve funds of the Mamaroneck union free school district

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2017-S6498 (ACTIVE) - Details

See Assembly Version of this Bill:
A8091
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
A2518

2017-S6498 (ACTIVE) - Summary

Grants the Mamaroneck union free school district and the Minisink Valley central school district the authority to establish insurance reserve funds.

2017-S6498 (ACTIVE) - Sponsor Memo

2017-S6498 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6498
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               May 26, 2017
                                ___________
 
 Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the general municipal  law,  in  relation  to  insurance
   reserve funds of the Mamaroneck union free 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, THE MAMARONECK
 UNION FREE SCHOOL DISTRICT, THE MINISINK VALLEY CENTRAL 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 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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