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NY A04947
Bill
Status
2/27/2023
Primary Sponsor
Monica Wallace
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AI Summary
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Amends General Municipal Law Section 6-n to add the Cleveland Hill union free school district to the list of school districts authorized to establish an insurance reserve fund.
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Permits the Cleveland Hill union free school district to make expenditures from the insurance reserve fund for losses, claims, actions, or judgments related to insurable risks under Insurance Law Section 1113(a)(3).
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Aligns Cleveland Hill union free school district with other named school districts including Scarsdale, Mamaroneck, Ithaca, and others that already have insurance reserve fund authority.
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Takes effect immediately upon enactment.
Legislative Description
Permits the Cleveland Hill union free school district to establish an insurance reserve fund.
Last Action
substituted by s3611
5/30/2023