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NY A08295
Bill
Status
6/30/2022
Primary Sponsor
John Salka
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AI Summary
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Amends General Municipal Law Section 6-n to add the Canastota central school district to the list of school districts authorized to establish an insurance reserve fund.
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Permits the Canastota central school district to make expenditures from the insurance reserve fund for losses, claims, actions, or judgments related to specific types of insurable risks under Insurance Law Section 1113(a)(3).
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Allows the Canastota central school district to operate the insurance reserve fund in compliance with General Municipal Law Section 6-n and Education Law Article 74.
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Takes effect immediately upon enactment.
Legislative Description
Permits the Canastota central school district to establish an insurance reserve fund.
Last Action
signed chap.251
6/30/2022