Senate Bill S8245

2017-2018 Legislative Session

Relates to permitting the Kenmore-Town of Tonawanda union free school district to establish an insurance reserve fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government 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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2017-S8245 (ACTIVE) - Details

See Assembly Version of this Bill:
A10378
Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
S1735, A3629

2017-S8245 (ACTIVE) - Summary

Relates to permitting the Kenmore-Town of Tonawanda union free school district to establish an insurance reserve fund.

2017-S8245 (ACTIVE) - Sponsor Memo

2017-S8245 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8245
 
                             I N  S E N A T E
 
                              April 23, 2018
                                ___________
 
 Introduced  by  Sen.  JACOBS -- 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 permitting the
   Kenmore-Town of Tonawanda union free 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:
 
   Section 1. Paragraph (a) of subdivision 2 of section 6-n of the gener-
 al municipal law, as separately amended by chapters 414 and 416  of  the
 laws of 2016, is amended to read as follows:
   (a)  The  governing board of any municipal corporation may establish a
 reserve fund to be  known  as  the  insurance  reserve  fund.  Upon  the
 creation  of  the  fund, the municipality may make expenditures from the
 fund for any loss, claim, action or judgment  for  which  the  municipal
 corporation is authorized or required to purchase or maintain insurance,
 except  those  kinds of risks for which insurance is authorized pursuant
 to paragraph one, two, three,  fifteen,  sixteen,  seventeen,  eighteen,
 twenty-two or twenty-three of subsection (a) of section one thousand one
 hundred  thirteen  of  the  insurance  law,  or  for payments in lieu of
 contributions under article eighteen of the labor law; provided however,
 that no municipality shall make an expenditure from such  fund  for  any
 loss,  claim, action or judgment for which the municipal corporation has
 established a reserve fund under any other provision of  law;  provided,
 further  that the Scarsdale union free school district [and], the Vernon
 Verona Sherrill central school district [may establish insurance reserve
 funds in compliance with this section and article  seventy-four  of  the
 education  law and], the Minisink Valley central school district AND THE
 KENMORE-TOWN OF TONAWANDA  UNION  FREE  SCHOOL  DISTRICT  may  establish
 insurance  reserve  funds  in  compliance  with this section and article
 seventy-four of the education law and such  school  districts  may  make
 expenditures in compliance with this section and article seventy-four of
 the  education law from such reserve fund for any loss, claim, action or
 judgment for which the school districts are authorized  or  required  to
 purchase  or  maintain insurance for the kinds of risks for which insur-
 ance is authorized pursuant to paragraph  three  of  subsection  (a)  of
 section one thousand one hundred thirteen of the insurance law.

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