Senate Bill S8398

2023-2024 Legislative Session

Authorizes the Iroquois central school district to establish an insurance reserve fund

download bill text pdf

Sponsored By

Current Bill Status - Delivered to 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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2023-S8398 (ACTIVE) - Details

See Assembly Version of this Bill:
A9091
Law Section:
General Municipal Law
Laws Affected:
Amd §6-n, Gen Muni L

2023-S8398 (ACTIVE) - Summary

Authorizes the Iroquois central school district to establish an insurance reserve fund.

2023-S8398 (ACTIVE) - Sponsor Memo

2023-S8398 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8398
 
                             I N  S E N A T E
 
                             January 26, 2024
                                ___________
 
 Introduced  by Sen. GALLIVAN -- 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  authorizing
   the Iroquois 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:
 
   Section 1. Paragraph (a) of subdivision 2 of section 6-n of the gener-
 al municipal law, as separately amended by chapters 589 and 598  of  the
 laws of 2023, 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, the
 Owego Apalachin  central  school  district,  the  Maine-Endwell  central
 school district, the Binghamton city school district, the Candor central
 school  district,  the  Cleveland  Hill  union free school district, the
 Depew union free school district, THE IROQUOIS CENTRAL SCHOOL  DISTRICT,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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