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A08295 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8295
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    October 20, 2021
                                       ___________
 
        Introduced  by M. of A. SALKA -- read once and referred to the Committee
          on Education
 
        AN ACT to amend the general municipal law, in relation to permitting the
          Canastota 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 212, 215,  290,  353
     3  and 354 of the laws of 2021, 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 school
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13167-01-1

        A. 8295                             2
 
     1  district the Binghamton city school district, [and] the Depew union free
     2  school district, [and] the Liverpool central school district  [and]  the
     3  Carmel  central  school  district,  and  the  Canastota  central  school
     4  district  may  establish insurance reserve funds in compliance with this
     5  section and article seventy-four of the education law  and  such  school
     6  districts  may  make  expenditures  in  compliance with this section and
     7  article seventy-four of the education law from such reserve fund for any
     8  loss, claim, action or judgment  for  which  the  school  districts  are
     9  authorized  or  required to purchase or maintain insurance for the kinds
    10  of risks for which insurance is authorized pursuant to  paragraph  three
    11  of  subsection  (a)  of section one thousand one hundred thirteen of the
    12  insurance law.
    13    § 2.  This act shall take effect immediately.
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