Assembly Bill A8446

2021-2022 Legislative Session

Establishes a retired employee health insurance premium reserve fund for the town of Saranac

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A8446 (ACTIVE) - Details

See Senate Version of this Bill:
S7521
Current Committee:
Assembly Governmental Employees
Law Section:
General Municipal Law
Laws Affected:
Add §6-w, Gen Muni L
Versions Introduced in 2023-2024 Legislative Session:
A2765, S3027

2021-A8446 (ACTIVE) - Summary

Establishes a retired employee health insurance premium reserve fund for the town of Saranac to cover retired town employee health insurance premiums, to stabilize the tax rate, and to ensure transparency for the taxpayers and elected officials.

2021-A8446 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8446
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             November 17, 2021
                                ___________
 
 Introduced  by M. of A. JONES -- read once and referred to the Committee
   on Governmental Employees
 
 AN ACT to amend the general municipal law, in relation to establishing a
   retired employee health insurance premium reserve fund for the town of
   Saranac
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  general  municipal  law  is  amended by adding a new
 section 6-w to read as follows:
   § 6-W. RETIRED EMPLOYEE HEALTH INSURANCE PREMIUM RESERVE FUND FOR  THE
 TOWN OF SARANAC. 1. AS USED IN THIS SECTION:
   A. "GOVERNING BOARD" MEANS THE GOVERNING BOARD OF THE TOWN OF SARANAC,
 COUNTY OF CLINTON.
   B.  "RESERVE FUND" MEANS THE RETIRED EMPLOYEE HEALTH INSURANCE PREMIUM
 RESERVE FUND.
   2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW  TO  THE  CONTRARY,  THE
 GOVERNING BOARD OF THE TOWN OF SARANAC, COUNTY OF CLINTON, MAY ESTABLISH
 A RETIRED EMPLOYEE HEALTH INSURANCE PREMIUM RESERVE FUND FOR THE PURPOSE
 OF COVERING RETIRED TOWN EMPLOYEE HEALTH INSURANCE PREMIUMS, STABILIZING
 THE  TAX  RATE,  AND ENSURING TRANSPARENCY FOR THE TAXPAYERS AND ELECTED
 OFFICIALS. THERE MAY BE PAID INTO SUCH RESERVE FUND:
   A. SUCH AMOUNTS AS MAY BE PROVIDED THEREFOR BY BUDGETARY APPROPRIATION
 OR RAISED BY TAX THEREFOR;
   B. SUCH REVENUES AS ARE NOT REQUIRED BY LAW TO BE PAID INTO ANY  OTHER
 FUND OR ACCOUNT;
   C. SUCH OTHER FUNDS AS MAY BE LEGALLY APPROPRIATED; AND
   D.  NOTWITHSTANDING  ANY  LAW  TO THE CONTRARY, SUCH AMOUNTS AS MAY BE
 TRANSFERRED FROM A RESERVE FUND ESTABLISHED PURSUANT TO  SECTION  SIX-N,
 SIX-P, OR SIX-R OF THIS ARTICLE COMPRISED OF MONEYS RAISED FROM THE SAME
 TAX  BASE  AS  THE  MONEYS  IN THE RESERVE FUND, PROVIDED, THAT ANY SUCH
 TRANSFER SHALL ONLY BE MADE BY RESOLUTION OF THE GOVERNING BOARD AFTER A
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10678-01-1
              

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