senate Bill S7783

2019-2020 Legislative Session

Authorizes boards of cooperative educational services to establish workers' compensation reserve funds

download bill text pdf

Sponsored By

Current 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

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 20, 2020 referred to local government

S7783 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §6-j, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6164
2013-2014: S2619
2015-2016: S3017
2017-2018: S515

S7783 (ACTIVE) - Summary

Authorizes boards of cooperative educational services to establish workers' compensation reserve funds.

S7783 (ACTIVE) - Sponsor Memo

S7783 (ACTIVE) - Bill Text download pdf


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

                                  7783

                            I N  S E N A T E

                            February 20, 2020
                               ___________

Introduced  by  Sen.  BROOKS -- 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  authorizing
  boards  of  cooperative  educational  services  to  establish workers'
  compensation reserve funds

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  section  heading  and  subdivisions 1, 3, 4 and 6 of
section 6-j of the general municipal law, the section heading as amended
by chapter 704 of the laws of 1956, subdivisions 1 and 4 as  amended  by
chapter 476 of the laws of 2018, subdivision 3 as amended by chapter 140
of  the  laws of 1996 and subdivision 6 as amended by chapter 340 of the
laws of 1973 and as renumbered by chapter 433 of the laws of  1987,  are
amended to read as follows:
  [Workmen's] WORKERS' compensation reserve fund.
  1.  The governing board of any municipal corporation, school district,
BOARD OF COOPERATIVE EDUCATIONAL SERVICES or fire district, which is, or
shall [hereafter] become a self-insurer under the provisions of subdivi-
sion four of section fifty of the workers' compensation law  or  section
thirty  of  the  volunteer  firefighters'  benefit  law  may establish a
reserve fund to be known as the workers' compensation  reserve  fund  of
such municipal corporation, school district, BOARD OF COOPERATIVE EDUCA-
TIONAL SERVICES or fire district.
  3.  The  moneys  in  such  fund  shall be deposited and secured in the
manner provided by section ten of this article.  The money in such  fund
so  deposited  shall  be accounted for separate and apart from all other
funds of the municipality, school district, BOARD OF COOPERATIVE  EDUCA-
TIONAL  SERVICES  or  fire  district,  in the same manner as provided in
subdivision ten of section six-c of this article.  The governing  board,
or the chief fiscal officer of such municipality, school district, BOARD
OF  COOPERATIVE  EDUCATIONAL SERVICES or fire district, if the governing
board shall delegate such duty to him OR HER, may invest the  moneys  in
such  fund in the manner provided in section eleven of this article. Any
interest earned or capital gain realized on the money  so  deposited  or

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

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