The New York State Senate

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5021
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2021
                                ___________
 
 Introduced by M. of A. DiPIETRO -- read once and referred to the Commit-
   tee on Education
 
 AN ACT to amend the general municipal law, in relation to permitting the
   Springville-Griffith institute central 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 amended by chapter 246 of  the  laws  of  2020,  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,  the  Ithaca  city
 school  district,  the  Kenmore-Town  of  Tonawanda  union  free  school
 district, the Bedford central school district, the Grand Island  central
 school  district,  the Tonawanda city school district, the enlarged city
 school district of Middletown, the Frontier central school district, THE
 SPRINGVILLE-GRIFFITH INSTITUTE CENTRAL SCHOOL DISTRICT, and the Bingham-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD09370-01-1

 A. 5021                             2
 
 ton 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
 school  districts  are  authorized  or  required to purchase or maintain
 insurance for the kinds of  risks  for  which  insurance  is  authorized
 pursuant  to  paragraph  three of subsection (a) of section one thousand
 one hundred thirteen of the insurance law.
   § 2. This act shall take effect immediately.