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NY A09412
Bill
Status
Passed
11/4/2016
Primary Sponsor
Anthony Brindisi
Click for details
AI Summary
- Amends General Municipal Law section 6-n to allow the Scarsdale union free school district and Vernon Verona Sherrill central school district to establish insurance reserve funds
- Permits these two school districts to make expenditures from insurance reserve funds for losses, claims, actions, or judgments related to risks covered under paragraph three of section 1113(a) of the Insurance Law
- Requires the school districts to comply with General Municipal Law section 6-n and Education Law article 74 when establishing and using insurance reserve funds
- Expands insurance reserve fund authority previously limited to the Scarsdale union free school district to now include the Vernon Verona Sherrill central school district
Legislative Description
Grants the Scarsdale union free school district and Vernon Verona Sherrill central school district the authority to establish insurance reserve funds.
Last Action
signed chap.414
11/4/2016
Committee Referrals
Local Government5/18/2016
Ways and Means3/30/2016
Education3/2/2016
Full Bill Text
No bill text available