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NY A10106
Bill
Status
10/7/2020
Primary Sponsor
Donna Lupardo
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AI Summary
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Amends General Municipal Law Section 6-n to add the Binghamton city school district to the list of school districts permitted to establish an insurance reserve fund.
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Allows the Binghamton city school district to make expenditures from the insurance reserve fund for losses, claims, actions, or judgments related to authorized insurance types under Insurance Law Section 1113(a)(3).
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Brings the Binghamton city school district into compliance with General Municipal Law Section 6-n and Education Law Article 74 regarding insurance reserve fund management.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the Binghamton city school district to establish an insurance reserve fund.
Last Action
SIGNED CHAP.246
10/7/2020