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NY S08057

Bill

Official Source

Status

Passed

10/7/2020

Primary Sponsor

Fred Akshar

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Amends General Municipal Law Section 6-n to add the Binghamton city school district to the list of school districts authorized to establish an insurance reserve fund
  • Permits the Binghamton city school district to make expenditures from the reserve fund for losses, claims, actions, or judgments related to authorized insurance risks under Insurance Law Section 1113(a)(3)
  • Aligns the Binghamton city school district's insurance reserve fund authority with existing provisions in Education Law Article 74
  • 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

Committee Referrals

Ways and Means7/22/2020
Rules7/20/2020
Local Government3/13/2020

Full Bill Text

No bill text available