Assembly Actions -
Senate Actions - UPPERCASE
|Jun 30, 2022||
|Jun 23, 2022||
delivered to governor
|Jun 03, 2022||
returned to senate
ordered to third reading rules cal.718
substituted for a9795
|May 24, 2022||
referred to ways and means
delivered to assembly
|May 16, 2022||
ordered to third reading cal.1376
committee discharged and committed to rules
|Apr 01, 2022||
referred to local government
Senate Bill S8706Signed By Governor
2021-2022 Legislative Session
Archive: Last Bill Status - Signed by Governor
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S8706 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §6-n, Gen Muni L
2021-S8706 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8706 SPONSOR: AKSHAR TITLE OF BILL: An act to amend the general municipal law, in relation to permitting the Candor central school district to establish an insurance reserve fund PURPOSE OR GENERAL IDEA OF BILL: This bill would allow Candor central school district who have elected to self-insure to establish an insurance reserve fund. SUMMARY OF PROVISIONS: Section 1: Amends paragraph (a) of subdivision 2 section 6-n of the General Municipal law by providing the Candor central school district the ability to establish an insurance reserve fund. SectionEstablishes the effective date.
2021-S8706 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8706 I N S E N A T E April 1, 2022 ___________ 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 Candor 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 separately amended by chapters 212, 215, 290, 353 and 354 of the laws of 2021, 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 Owego Apalachin central school district, the Maine-Endwell central school district, the Binghamton city school district, THE CANDOR CENTRAL SCHOOL DISTICT and the Depew union free school district, and the Liver- pool central school district and the Carmel central school district may establish insurance reserve funds in compliance with this section and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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