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S01012 Summary:

S01012 Actions:

S01012 Committee Votes:

S01012 Floor Votes:

S01012 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1012
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                    January 10, 2019
                                       ___________
 
        Introduced  by  Sen. METZGER -- 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
          enlarged school district  of  Middletown  to  establish  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 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 and the
    21  enlarged city school district  of  Middletown  may  establish  insurance
    22  reserve  funds  in compliance with this section and article seventy-four
    23  of the education law and such school districts may make expenditures  in
    24  compliance  with  this section and article seventy-four of the education
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05858-01-9
        S. 1012                             2
 
     1  law from such reserve fund for any loss, claim, action or  judgment  for
     2  which  the  school  districts  are authorized or required to purchase or
     3  maintain insurance for the kinds of risks for which insurance is author-
     4  ized  pursuant to paragraph three of subsection (a) of section one thou-
     5  sand one hundred thirteen of the insurance law.
     6    § 2. This act shall take effect immediately.