New York A 10973: Authorizes the Goshen central school district to establish an insurance reserve fund

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A10973 Summary:

BILL NOA10973 

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SAME ASNo Same As

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SPONSORMaher

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COSPNSR

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MLTSPNSR

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Amd §6-n, Gen Muni L

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Authorizes the Goshen central school district to establish an insurance reserve fund.

Go to top A10973 Actions:

BILL NOA10973 

&nbsp

04/14/2026referred to education

Go to topA10973 Committee&nbspVotes:

Go to topA10973 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10973 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10973

 IN ASSEMBLY

 April 14, 2026
 ___________

 Introduced by M. of A. MAHER -- read once and referred to the Committee
 on Education

 AN ACT to amend the general municipal law, in relation to authorizing
 the Goshen 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 separately amended by chapters 486, 515 and 525 of
 3 the laws of 2024, is 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 Owego Apalachin central school district, the Maine-Endwell central
 25 school district, the Binghamton city school district, the Candor central
 26 school district, the Cleveland Hill union free school district, the
 27 Depew union free school district, the Iroquois central school district,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15481-01-6

 A. 10973 2

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

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