Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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May 16, 2018 | referred to local government |
senate Bill S8777
Sponsored By
Chris Jacobs
(R, C, IP) 0 Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
S8777 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A11079
- Current Committee:
- Senate Local Government
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §6-n, Gen Muni L
- Versions Introduced in 2019-2020 Legislative Session:
-
S1732, A8139
S8777 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8777 SPONSOR: JACOBS TITLE OF BILL: An act to amend the general municipal law, in relation to permitting the Frontier central school district to establish an insurance reserve fund PURPOSE: This bill will allow Frontier central school district who have elected to self-insure to establish an insurance reserve fund. SUMMARY OF PROVISIONS: Section 1 Amends paragraph (a) of subdivision 2 of section 6-n of the general municipal law by providing the Frontier central school district the ability to establish an insurance reserve fund. Section 2 is the enacting clause
S8777 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8777 I N S E N A T E May 16, 2018 ___________ Introduced by Sen. JACOBS -- 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 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.
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