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NY S08706

Bill

Official Source

Status

Passed

6/30/2022

Primary Sponsor

Fred Akshar

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends General Municipal Law section 6-n to add Candor central school district to the list of school districts authorized to establish an insurance reserve fund
  • Permits Candor 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)
  • Allows the named school districts, including Candor, to establish and manage insurance reserve funds in accordance with General Municipal Law section 6-n and Education Law article 74
  • Takes effect immediately upon enactment

Legislative Description

Relates to permitting the Candor central school district to establish an insurance reserve fund.

Last Action

SIGNED CHAP.338

6/30/2022

Committee Referrals

Ways and Means5/24/2022
Rules5/16/2022
Local Government4/1/2022

Full Bill Text

No bill text available