New York State Assembly

 
•  Summary 
 
•  Actions 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 

A02327 Summary:

A02327 Actions:

A02327 Floor Votes:

A02327 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         2327--A
                                                                Cal. No. 133
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 14, 2013
                                       ___________
 
        Introduced  by M. of A. PAULIN, MAGNARELLI, GOTTFRIED, BRINDISI, ABINAN-
          TI, GUNTHER, HOOPER,  JAFFEE,  LUPARDO,  ROBERTS,  OTIS,  BUCHWALD  --
          Multi-Sponsored  by  --  M.  of  A.  SWEENEY,  THIELE -- read once and
          referred to the Committee on Local Governments -- ordered to  a  third

          reading  --  passed  by Assembly and delivered to the Senate, recalled
          from the Senate, vote reconsidered, bill amended,  ordered  reprinted,
          retaining its place on the order of third reading
 
        AN  ACT  to  amend the general municipal law, in relation to authorizing
          the establishment of an insurance reserve fund by the Scarsdale  union
          free  school district and detailing what expenditures may be made from
          such fund
 
          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  amended  by chapter 350 of the laws of 1988, is
     3  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 in the case of the Scarsdale union free school district, an

    18  insurance reserve fund may be established and such school  district  may
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03209-05-4
        A. 2327--A                          2
 
     1  make  expenditures from such reserve fund for any loss, claim, action or
     2  judgment for which the school district  is  authorized  or  required  to
     3  purchase  or  maintain insurance for the kinds of risks for which insur-
     4  ance  is  authorized  pursuant  to  paragraph three of subsection (a) of
     5  section one thousand one hundred thirteen of the insurance law.
     6    § 2. This act shall take effect immediately.