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S08513 Summary:

BILL NOS08513
 
SAME ASNo Same As
 
SPONSORWEBB
 
COSPNSR
 
MLTSPNSR
 
Amd §6-n, Gen Muni L
 
Permits the Johnson City school district to create an insurance reserve fund.
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S08513 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8513
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                   September 24, 2025
                                       ___________
 
        Introduced  by  Sen.  WEBB  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
 
        AN ACT to amend the general municipal law, in relation to permitting the
          Johnson City school district to create an insurance reserve 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 separately amended by chapters 486, 515 and 525 of
     3  the laws of 2024, 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,  the  Mamaroneck
    18  union free school district, the Minisink Valley central school district,
    19  the  Vernon  Verona  Sherrill  central  school district, the Ithaca city
    20  school  district,  the  Kenmore-Town  of  Tonawanda  union  free  school
    21  district,  the Bedford central school district, the Grand Island central
    22  school district, the Tonawanda city school district, the  enlarged  city
    23  school district of Middletown, the Frontier central school district, the
    24  Owego  Apalachin  central  school  district,  the  Maine-Endwell central
    25  school district, the Binghamton city school district, the Candor central
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13727-01-5

        S. 8513                             2
 
     1  school district, the Cleveland Hill  union  free  school  district,  the
     2  Depew  union free school district, the Iroquois central school district,
     3  the Liverpool central school district, the Auburn enlarged  city  school
     4  district,  the  Carmel  central  school  district,  the Clarence central
     5  school district, the Fulton city school district,  [and]  the  Canastota
     6  central school district, and the Johnson City school district may estab-
     7  lish insurance reserve funds in compliance with this section and article
     8  seventy-four  of  the  education  law and such school districts may make
     9  expenditures in compliance with this section and article seventy-four of
    10  the education law from such reserve fund for any loss, claim, action  or
    11  judgment  for  which  the school districts are authorized or required to
    12  purchase or maintain insurance for the kinds of risks for  which  insur-
    13  ance  is  authorized  pursuant  to  paragraph three of subsection (a) of
    14  section one thousand one hundred thirteen of the insurance law.
    15    § 2. This act shall take effect immediately.
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