STATE OF NEW YORK
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7349
IN SENATE
January 9, 2018
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Introduced by Sen. MURPHY -- 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 insurance
reserve funds for the Bedford central school district
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 Bedford central school district may establish insurance reserve funds in
22 compliance with this section and article seventy-four of the education
23 law and such school districts may make expenditures in compliance with
24 this section and article seventy-four of the education law from such
25 reserve fund for any loss, claim, action or judgment for which the
26 school districts are authorized or required to purchase or maintain
27 insurance for the kinds of risks for which insurance is authorized
28 pursuant to paragraph three of subsection (a) of section one thousand
29 one hundred thirteen of the insurance law.
30 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13690-01-7
