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S6670Senate2017-2018 SessionSame asA8314

Change Fire Insurance Fund Rules

Official title

“Relates to the usage of moneys received from foreign fire insurance companies”

Sponsor Andrea Stewart-CousinsSD-35Affects Finance
Status
Signed by Governor
Impact
3/10
Low
Outcome
Signed into law

Bill progress

Signed into law

What's happening

This bill updates how Yonkers receives and uses foreign fire insurance tax funds, aligning their use with specific state insurance law sections.

Why it matters

  1. Clarifies how Yonkers can use foreign fire insurance tax funds. , specifically requiring their use to align with sections 9104 and 9105 of the state insurance law, which may differ from previous, broader or less-specific uses.

  2. Removes specific mandates previously in place. , such as the automatic 10% payment to the Volunteer Firemen’s Home and the explicit direction of funds for indigent and disabled firemen, making the law more consistent with statewide practices.

  3. Potentially changes how benefits are distributed. by tying Yonkers to the same rules as other fire departments in New York, which could affect local control, transparency, and the range of allowable expenditures for fire department welfare and support activities.

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Who cares

  • Yonkers Paid Fire Department Mutual Aid Association

    The bill would retain its right to collect foreign fire insurance tax receipts but replace the specified distribution and spending rules with requirements under Insurance Law sections 9104 and 9105.

  • Likely support

    Firemen’s Association of the State of New York and Volunteer Firemen’s Home at Hudson

    The bill would remove the explicit requirement that the Yonkers association forward 10 percent of receipts within ten days to support or maintain the home.

  • Indigent and disabled Yonkers firefighters and their families

    The bill would replace the express requirement that the remaining receipts fund their care with a requirement to use the money in accordance with Insurance Law sections 9104 and 9105.

Headline styles

Change Fire Insurance Fund Rules

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Andrea Stewart-Cousins

Senator · Senate District 35

No co-sponsors yet.

History

  1. Signed chap.499
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading rules cal.683
  6. Substituted for A8314
  7. Referred to ways and means
  8. Delivered to assembly
  9. Passed senateVote 62–0
  10. Ordered to third reading cal.2183
  11. Referred to rules

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.

A8314Assembly

Update Fire Insurance Funds Use

Assembly Floor Calendar · Sponsor Shelley Mayer

Impact 3 · Low0% to pass

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

6670

2017-2018 Regular Sessions

IN SENATE

June 12, 2017

Introduced by Sen. STEWART-COUSINS -- read twice and ordered printed, and when printed to be committed to the Committee on Rules

AN ACT to amend chapter 308 of the laws of 1912 relating to providing for the distribution of the percentage or tax on receipts of foreign fire insurance companies doing business in the city of Yonkers, in relation to the usage of moneys received from foreign fire insurance companies

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Section 1 of chapter 308 of the laws of 1912 relating to providing for the distribution of the percentage or tax on receipts of foreign fire insurance companies doing business in the city of Yonkers, as amended by chapter 920 of the laws of 1962, is amended to read as follows:

§ 1. The corporation known as the Mutual Aid Association of the Paid Fire Department of the city of Yonkers, New York, shall be entitled to collect and there shall be paid to it the percentage or tax on receipts of the foreign fire insurance companies doing business in the city of Yonkers, under the provisions of [sections five hundred fifty-three and fifty-four of] the insurance law[. The trustees of the Mutual Aid Association of the Paid Fire Department of the city of Yonkers, New York, shall within ten days after the receipt of the same, pay to the treasurer of the Firemen's Association of the state of New York ten per centum of the amount so received by it for the support or maintenance of the Volunteer Firemen's Home at Hudson, and shall pay the balance to the treasurer or chief fiscal officer of the Mutual Aid Association of the Paid Fire Department of the city of Yonkers, New York,] to be used [for the care of indigent and disabled firemen and their families] in accordance with sections nine thousand one hundred four and nine thousand one hundred five of the insurance law.

§ 2. This act shall take effect immediately.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD11596-02-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Sponsor's memo

Title of bill

An act to amend chapter 308 of the laws of 1912 relating to providing for the distribution of the percentage or tax on receipts of foreign fire insurance companies doing business in the city of Yonkers, in relation to the usage of moneys received from foreign fire insurance companies

Purpose or general idea of bill

This bill will amend chapter 308 of the Laws of 1912 to follow Sections 9104 and 9105 of the Insurance Law.

Summary of specific provisions

Section 1 amends Section 1 of chapter 308 of the laws of 1912 by deleting the requirement that the trustees of the mutual aid society of the paid fire department of the city of Yonkers transfer ten percent of the amount received to the Firemen Association of the State of New York. It requires that the funds be distributed in accordance with sections 9104 and 9105 of the NYS Insurance Law.

Section 2 establishes the effective date.

Justification

Under current law, the trustees of the mutual aid society of the paid fire department of the city of Yonkers transfer ten percent of the amount received to the Firemen Association of the State of New York. This bill updates this provision to make it consistent with Sections 1904 and 1905 of the Insurance Law.

Prior legislative history

New Bill.

Fiscal implications

None.

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.