Senate Bill S4481

Signed By Governor
2021-2022 Legislative Session

Grants the Carmel central school district the authority to establish insurance reserve funds

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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-S4481 (ACTIVE) - Details

See Assembly Version of this Bill:
A4494
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L
Versions Introduced in 2019-2020 Legislative Session:
S7131, A9801

2021-S4481 (ACTIVE) - Summary

Grants the Carmel central school district the authority to establish insurance reserve funds.

2021-S4481 (ACTIVE) - Sponsor Memo

2021-S4481 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4481
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 5, 2021
                                ___________
 
 Introduced  by Sen. HARCKHAM -- 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 Carmel central school district
 
   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 amended by chapter 246 of  the  laws  of  2020,  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, the Mamaroneck
 union free school district, the Minisink Valley central school district,
 the Vernon Verona Sherrill central  school  district,  the  Ithaca  city
 school  district,  the  Kenmore-Town  of  Tonawanda  union  free  school
 district, the Bedford central school district, the Grand Island  central
 school  district,  the Tonawanda city school district, the enlarged city
 school district of Middletown, the Frontier central school district, and
 the Binghamton city  school  district  AND  THE  CARMEL  CENTRAL  SCHOOL
 DISTRICT  may  establish insurance reserve funds in compliance with this
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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