senate Bill S948

2019-2020 Legislative Session

Relates to insurance reserve funds of certain school districts

download bill text pdf

Sponsored By

Current Bill Status Via A505 - Passed Senate & Assembly


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

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Actions

view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 06, 2019 returned to assembly
passed senate
3rd reading cal.1211
substituted for s948
Jun 06, 2019 substituted by a505
ordered to third reading cal.1211
committee discharged and committed to rules
Jan 09, 2019 referred to local government

S948 (ACTIVE) - Details

See Assembly Version of this Bill:
A505
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2017-2018 Legislative Session:
S7055, A8738

S948 (ACTIVE) - Summary

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

S948 (ACTIVE) - Sponsor Memo

S948 (ACTIVE) - Bill Text download pdf


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

                                   948

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             January 9, 2019
                               ___________

Introduced  by  Sen.  O'MARA -- 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  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
reserve fund for any loss, claim,  action  or  judgment  for  which  the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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