STATE OF NEW YORK
________________________________________________________________________
7322
IN SENATE
May 12, 2014
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Introduced by Sen. STEWART-COUSINS -- 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 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
19 make expenditures from such reserve fund for any loss, claim, action or
20 judgment for which the school district is authorized or required to
21 purchase or maintain insurance for the kinds of risks for which insur-
22 ance is authorized pursuant to paragraph three of subsection (a) of
23 section one thousand one hundred thirteen of the insurance law.
24 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03209-04-4
