STATE OF NEW YORK
________________________________________________________________________
8545
IN SENATE
June 10, 2020
___________
Introduced by Sen. MAY -- 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
Liverpool central school district 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 318, 321, 325, 342,
3 499, 509, 510 and 551 of the laws of 2019, is amended to read as
4 follows:
5 (a) The governing board of any municipal corporation may establish a
6 reserve fund to be known as the insurance reserve fund. Upon the
7 creation of the fund, the municipality may make expenditures from the
8 fund for any loss, claim, action or judgment for which the municipal
9 corporation is authorized or required to purchase or maintain insurance,
10 except those kinds of risks for which insurance is authorized pursuant
11 to paragraph one, two, three, fifteen, sixteen, seventeen, eighteen,
12 twenty-two or twenty-three of subsection (a) of section one thousand one
13 hundred thirteen of the insurance law, or for payments in lieu of
14 contributions under article eighteen of the labor law; provided however,
15 that no municipality shall make an expenditure from such fund for any
16 loss, claim, action or judgment for which the municipal corporation has
17 established a reserve fund under any other provision of law; provided,
18 further that the Scarsdale union free school district, the Mamaroneck
19 union free school district, the Minisink Valley central school district,
20 the Vernon Verona Sherrill central school district, and the Ithaca city
21 school district and the Kenmore-Town of Tonawanda union free school
22 district, and the Bedford central school district and the Grand Island
23 central school district and the Tonawanda city school district and the
24 enlarged city school district of Middletown and the Frontier central
25 school district, and the Liverpool central school district may establish
26 insurance reserve funds in compliance with this section and article
27 seventy-four of the education law and such school districts may make
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16674-01-0
S. 8545 2
1 expenditures in compliance with this section and article seventy-four of
2 the education law from such reserve fund for any loss, claim, action or
3 judgment for which the school districts are authorized or required to
4 purchase or maintain insurance for the kinds of risks for which insur-
5 ance is authorized pursuant to paragraph three of subsection (a) of
6 section one thousand one hundred thirteen of the insurance law.
7 § 2. This act shall take effect immediately.
