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NY S06570
Bill
Status
6/5/2017
Primary Sponsor
John Bonacic
Click for details
AI Summary
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Amends General Municipal Law Section 6-n to permit the enlarged city school district of Middletown to establish an insurance reserve fund, joining Scarsdale union free school district, Vernon Verona Sherrill central school district, and Minisink Valley central school district in this authority.
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Allows the specified school districts to make expenditures from insurance reserve funds for losses, claims, actions, or judgments related to risks for which insurance is authorized under paragraph three of subsection (a) of Insurance Law Section 1113.
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Requires the school districts to comply with both General Municipal Law Section 6-n and Education Law Article 74 when establishing and operating insurance reserve funds.
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Takes effect immediately upon enactment.
Legislative Description
Relates to permitting the enlarged school district of Middletown to establish an insurance reserve fund.
Last Action
COMMITTED TO RULES
6/20/2018