senate Bill S8706

Signed By Governor
2021-2022 Legislative Session

Relates to permitting the Candor central school district to establish an insurance reserve fund

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor

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

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view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2022 signed chap.338
Jun 23, 2022 delivered to governor
Jun 03, 2022 returned to senate
passed assembly
ordered to third reading rules cal.718
substituted for a9795
May 24, 2022 referred to ways and means
delivered to assembly
passed senate
May 16, 2022 ordered to third reading cal.1376
committee discharged and committed to rules
Apr 01, 2022 referred to local government


S8706 (ACTIVE) - Details

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

S8706 (ACTIVE) - Summary

Relates to permitting the Candor central school district to establish an insurance reserve fund.

S8706 (ACTIVE) - Sponsor Memo

S8706 (ACTIVE) - Bill Text download pdf

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

   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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