senate Bill S7055A

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


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
May 22, 2018 advanced to third reading
May 16, 2018 2nd report cal.
May 15, 2018 1st report cal.1190
Apr 24, 2018 print number 7055a
Apr 24, 2018 amend and recommit to local government
Jan 03, 2018 referred to local government

S7055 - Details

See Assembly Version of this Bill:
A8738
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
S948, A505

S7055 - Summary

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

S7055 - Sponsor Memo

S7055 - Bill Text download pdf


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

                                  7055

                            I N  S E N A T E

                               (PREFILED)

                             January 3, 2018
                               ___________

Introduced  by  Sen.  O'MARA -- 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 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-
ty-four of the education law from such reserve fund for any loss, claim,
action  or  judgment  for  which  the school districts are authorized or

S7055A (ACTIVE) - Details

See Assembly Version of this Bill:
A8738
Current Committee:
Senate Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
S948, A505

S7055A (ACTIVE) - Summary

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

S7055A (ACTIVE) - Sponsor Memo

S7055A (ACTIVE) - Bill Text download pdf


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

                                 7055--A

                            I N  S E N A T E

                               (PREFILED)

                             January 3, 2018
                               ___________

Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

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
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

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