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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Substituted by A10196
- Ordered to third reading cal.1944
- Committee discharged and committed to rules
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to insurance reserve funds of certain school districts
Signed by Governor · Sponsor James Skoufis
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the general municipal law and the education law, in relation to insurance reserve funds of certain school districts
Purpose or general idea of bill
The bill allows the Minisink Valley School District to maintain such a reserve fund and make expenditures from such reserve fund for any loss, claim, action or judgment for which such school district is authorized or required to purchase or maintain insurance.
Summary of specific provisions
Section 1: Amends paragraph (a) of subdivision 2 of section 6-n of the General Municipal law to authorize the Minisink Valley Central School District to create an insurance reserve fund, and such school district may make expenditures from such reserve fund for any loss, claim, action or judgment in relation to health insurance costs.
Section 2: Amends the Education law by adding a new section 3653 which outlines the procedures a school district must follow if they are establishing an health insurance reserve fund.
Section 3: Effective date.
Justification
In New York State there is a shift in how school districts continue to provide their services while staying within the tax cap. Health insurance reserve funds are seen as beneficial for a municipal corporation and so this law extends the statute for the Minisink Valley Central School District. This legislation was requested by the Minisink Valley School District.
Prior legislative history
None.
Fiscal implications
None to the state.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.