assembly Bill A505

Signed By Governor
2019-2020 Legislative Session

Relates to insurance reserve funds of certain school districts

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 03, 2019 signed chap.318
Oct 01, 2019 delivered to governor
Jun 06, 2019 returned to assembly
passed senate
3rd reading cal.1211
substituted for s948
May 20, 2019 referred to local government
delivered to senate
passed assembly
May 16, 2019 advanced to third reading cal.319
May 14, 2019 reported
May 01, 2019 reported referred to ways and means
Jan 09, 2019 referred to education

Co-Sponsors

A505 (ACTIVE) - Details

See Senate Version of this Bill:
S948
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2017-2018 Legislative Session:
A8738, S7055

A505 (ACTIVE) - Summary

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

A505 (ACTIVE) - Bill Text download pdf


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

                                   505

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2019
                               ___________

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 , 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets