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Assembly Bill A8924

2019-2020 Legislative Session

Permits the Holland central school district to establish an insurance reserve fund

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Archive: Last Bill Status - In Assembly Committee

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2019-A8924 (ACTIVE) - Details

See Senate Version of this Bill:
S6870
Current Committee:
Assembly Education
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L

2019-A8924 (ACTIVE) - Summary

Permits the Holland central school district to establish an insurance reserve fund.

2019-A8924 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8924
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             December 30, 2019
                                ___________
 
 Introduced by M. of A. DiPIETRO -- read once and referred to the Commit-
   tee on Education
 
 AN ACT to amend the general municipal law, in relation to permitting the
   Holland 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 318, 321, 325,  342,
 499,  509,  510  and  551  of  the  laws  of 2019, 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,
 the  Vernon  Verona  Sherrill  central school district, [and] the Ithaca
 city school district [and], the Kenmore-Town  of  Tonawanda  union  free
 school  district,  [and]  the Bedford central school district [and], the
 Grand Island central school district [and], the  Tonawanda  city  school
 district  [and],  the enlarged city school district of Middletown [and],
 the Frontier central school district, AND  THE  HOLLAND  CENTRAL  SCHOOL
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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