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NY A07546
Bill
Status
7/23/2020
Primary Sponsor
Patrick Burke
Click for details
AI Summary
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Amends General Municipal Law Section 6-n to permit the Orchard Park central school district to establish an insurance reserve fund, joining three other school districts already authorized to do so (Scarsdale, Vernon Verona Sherrill, and Minisink Valley).
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Allows the Orchard Park central school district to make expenditures from the insurance reserve fund for losses, claims, actions, or judgments related to certain types of insurable risks under Insurance Law Section 1113(a)(3).
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Requires the school district to comply with the insurance reserve fund provisions in General Municipal Law Section 6-n and Article 74 of the Education Law.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the Orchard Park central school district to establish an insurance reserve fund.
Last Action
REFERRED TO RULES
7/23/2020