Provides that in the case of recovery of an award from the September 11th victim compensation fund consisting solely of non-economic losses, a personal representative may file a consent to the adequacy of the award by all interested parties in lieu of a compromise proceeding.
STATE OF NEW YORK
________________________________________________________________________
7425
2021-2022 Regular Sessions
IN ASSEMBLY
May 7, 2021
___________
Introduced by M. of A. ABBATE -- read once and referred to the Committee
on Judiciary
AN ACT to amend the estates, powers and trusts law, in relation to
creating an alternative method to compromising an award issued by the
September 11th Victim Compensation Fund ("VCF")
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 5-4.6 of the estates, powers and trusts law is
2 amended by adding a new paragraph (g) to read as follows:
3 (g) In the case of a recovery of an award from the September eleventh
4 victim compensation fund of two thousand one established pursuant to
5 title IV of the federal air transportation safety and system stabiliza-
6 tion act, public law 107-42, as amended, where the award consists solely
7 of non-economic losses (funeral expense reimbursement being included as
8 non-economic losses herein) a personal representative may file a consent
9 to the adequacy of the award by all interested parties in lieu of a
10 compromise proceeding.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11207-01-1
