Senate Bill S8057

Signed By Governor
2019-2020 Legislative Session

Relates to permitting the Binghamton city school district to establish an insurance reserve fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

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

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2019-S8057 (ACTIVE) - Details

See Assembly Version of this Bill:
A10106
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L

2019-S8057 (ACTIVE) - Summary

Authorizes the Binghamton city school district to establish an insurance reserve fund.

2019-S8057 (ACTIVE) - Sponsor Memo

2019-S8057 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8057
 
                             I N  S E N A T E
 
                              March 13, 2020
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- 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
   Binghamton city 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 BINGHAMTON 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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