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A06380 Summary:

BILL NOA06380
 
SAME ASSAME AS S05381
 
SPONSORLupardo
 
COSPNSR
 
MLTSPNSR
 
Amd §6-n, Gen Muni L
 
Permits the Maine-Endwell central school district to establish an insurance reserve fund.
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A06380 Actions:

BILL NOA06380
 
03/16/2021referred to education
05/24/2021reported referred to ways and means
05/26/2021reported referred to rules
06/02/2021reported
06/02/2021rules report cal.347
06/02/2021ordered to third reading rules cal.347
06/03/2021substituted by s5381
 S05381 AMEND= AKSHAR
 03/03/2021REFERRED TO LOCAL GOVERNMENT
 04/26/20211ST REPORT CAL.755
 04/27/20212ND REPORT CAL.
 04/28/2021ADVANCED TO THIRD READING
 05/11/2021PASSED SENATE
 05/11/2021DELIVERED TO ASSEMBLY
 05/11/2021referred to education
 06/03/2021substituted for a6380
 06/03/2021ordered to third reading rules cal.347
 06/03/2021passed assembly
 06/03/2021returned to senate
 07/21/2021DELIVERED TO GOVERNOR
 08/02/2021SIGNED CHAP.354
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A06380 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A6380
 
SPONSOR: Lupardo
  TITLE OF BILL: An act to amend the general municipal law, in relation to permitting the Maine-Endwell central school district to establish an insurance reserve fund   PURPOSE OR GENERAL IDEA OF BILL: This bill would allow Maine-Endwell central school district who have elected to self-insure to establish an insurance reserve fund.   SUMMARY OF PROVISIONS: Section 1: Paragraph (a) of subdivision 2 section 6-n of the General Municipal law by providing the Maine-Endwell central school district the ability to establish an insurance reserve fund. Section 2: Establishes the effective date.   JUSTIFICATION: The Maine-Endwell central school district is moving to a self-funded health insurance model on July 1,2021. In order to prudently manage the rising costs of health insurance, certain school districts have elected to self-insure its health benefit program. Self-insurance offers many advantages for school districts and their employees. Under current law, school districts are prevented from retaining more than four percent of their budget in an unappropriated fund balance. Authorizing the Maine-Endwell central school district to establish an insurance reserve fund will allow them to manage year-to-year variabil- ity in claims.   PRIOR LEGISLATIVE HISTORY: This is new legislation.   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: This legislation will have no fiscal implications for State or Local governments.   EFFECTIVE DATE: This act shall take effect immediately.
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A06380 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6380
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 16, 2021
                                       ___________
 
        Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
          tee on Education
 
        AN ACT to amend the general municipal law, in relation to permitting the
          Maine-Endwell  central  school  district  to  establish  an  insurance
          reserve fund
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph (a) of subdivision 2 of section 6-n of the gener-
     2  al municipal law, as amended by chapter 246 of  the  laws  of  2020,  is
     3  amended to read as follows:
     4    (a)  The  governing board of any municipal corporation may establish a
     5  reserve fund to be  known  as  the  insurance  reserve  fund.  Upon  the
     6  creation  of  the  fund, the municipality may make expenditures from the
     7  fund for any loss, claim, action or judgment  for  which  the  municipal
     8  corporation is authorized or required to purchase or maintain insurance,
     9  except  those  kinds of risks for which insurance is authorized pursuant
    10  to paragraph one, two, three,  fifteen,  sixteen,  seventeen,  eighteen,
    11  twenty-two or twenty-three of subsection (a) of section one thousand one
    12  hundred  thirteen  of  the  insurance  law,  or  for payments in lieu of
    13  contributions under article eighteen of the labor law; provided however,
    14  that no municipality shall make an expenditure from such  fund  for  any
    15  loss,  claim, action or judgment for which the municipal corporation has
    16  established a reserve fund under any other provision of  law;  provided,
    17  further  that  the  Scarsdale union free school district, the Mamaroneck
    18  union free school district, the Minisink Valley central school district,
    19  the Vernon Verona Sherrill central  school  district,  the  Ithaca  city
    20  school  district,  the  Kenmore-Town  of  Tonawanda  union  free  school
    21  district, the Bedford central school district, the Grand Island  central
    22  school  district,  the Tonawanda city school district, the enlarged city
    23  school district of Middletown, the Frontier central school district, the
    24  Maine-Endwell central school district and  the  Binghamton  city  school
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10247-01-1

        A. 6380                             2
 
     1  district  may  establish insurance reserve funds in compliance with this
     2  section and article seventy-four of the education law  and  such  school
     3  districts  may  make  expenditures  in  compliance with this section and
     4  article seventy-four of the education law from such reserve fund for any
     5  loss,  claim,  action  or  judgment  for  which the school districts are
     6  authorized or required to purchase or maintain insurance for  the  kinds
     7  of  risks  for which insurance is authorized pursuant to paragraph three
     8  of subsection (a) of section one thousand one hundred  thirteen  of  the
     9  insurance law.
    10    § 2. This act shall take effect immediately.
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