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NY S07322

Bill

Official Source

Status

Introduced

5/12/2014

Primary Sponsor

Andrea Stewart-Cousins

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends General Municipal Law Section 6-n to authorize the Scarsdale Union Free School District to establish an insurance reserve fund
  • Permits the Scarsdale school district to make expenditures from the reserve fund for losses, claims, actions, or judgments related to insurance risks covered under paragraph three of subsection (a) of Insurance Law Section 1113
  • Provides an exception to the general rule that insurance reserve funds cannot be used for certain types of risks specified in Insurance Law Section 1113
  • Takes effect immediately upon enactment

Legislative Description

Relates to expenditures from the insurance reserve fund established by the Scarsdale union free school district.

Last Action

SUBSTITUTED BY A2327A

6/20/2014

Committee Referrals

Local Government5/12/2014

Full Bill Text

No bill text available