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A10512 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10512
 
                   IN ASSEMBLY
 
                                       May 4, 2018
                                       ___________
 
        Introduced  by M. of A. STECK -- read once and referred to the Committee
          on Education
 
        AN ACT to amend the general municipal law, in relation to the  insurance
          reserve funds of the Niskayuna central school district
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (a) of subdivision 2 of section 6-n of the gener-
     2  al municipal law, as separately amended by chapters 414 and 416  of  the
     3  laws of 2016, is amended to read as follows:
     4    (a)  The  governing board of any municipal corporation may establish a
     5  reserve fund to be  known  as  the  insurance  reserve  fund.  Upon  the
     6  creation  of  the  fund, the municipality may make expenditures from the
     7  fund for any loss, claim, action or judgment  for  which  the  municipal
     8  corporation is authorized or required to purchase or maintain insurance,
     9  except  those  kinds of risks for which insurance is authorized pursuant
    10  to paragraph one, two, three,  fifteen,  sixteen,  seventeen,  eighteen,
    11  twenty-two or twenty-three of subsection (a) of section one thousand one
    12  hundred  thirteen  of  the  insurance  law,  or  for payments in lieu of
    13  contributions under article eighteen of the labor law; provided however,
    14  that no municipality shall make an expenditure from such  fund  for  any
    15  loss,  claim, action or judgment for which the municipal corporation has
    16  established a reserve fund under any other provision of  law;  provided,
    17  further  that  the  Scarsdale  union free school district and the Vernon
    18  Verona Sherrill central school district may establish insurance  reserve
    19  funds  in  compliance  with this section and article seventy-four of the
    20  education law and the Minisink Valley central school district may estab-
    21  lish insurance reserve funds in compliance with this section and article
    22  seventy-four of the education  law  and  the  Niskayuna  central  school
    23  district  may  establish insurance reserve funds in compliance with this
    24  section and article seventy-four of the education law  and  such  school
    25  districts  may  make  expenditures  in  compliance with this section and
    26  article seventy-four of the education law from such reserve fund for any
    27  loss, claim, action or judgment  for  which  the  school  districts  are
    28  authorized  or  required to purchase or maintain insurance for the kinds
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15524-01-8

        A. 10512                            2
 
     1  of risks for which insurance is authorized pursuant to  paragraph  three
     2  of  subsection  (a)  of section one thousand one hundred thirteen of the
     3  insurance law.
     4    § 2. This act shall take effect immediately.
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