|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 20, 2020||referred to local government|
senate Bill S7783
Current Bill Status - In Senate Committee Local Government Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7783 (ACTIVE) - Details
S7783 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7783 SPONSOR: BROOKS TITLE OF BILL: An act to amend the general municipal law, in relation to authorizing boards of cooperative educational services to establish workers' compen- sation reserve funds PURPOSE: Authorizes boards of cooperative education services to establish work- ers' compensation reserve funds. SUMMARY OF PROVISIONS: Section 1. amends section heading and subdivisions 1, 3, 4, and 6 of section 6-j of the General Municipal Law to add boards of cooperative education services to the list of entities that are authorized to estab- lish workers' compensation reserve funds.
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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