New York A 10496: Authorizes BOCES to establish a workers' compensation reserve fund

Bill Text

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A10496 Summary:

BILL NOA10496 

&nbsp

SAME ASSAME AS S09670

&nbsp

SPONSORGriffin

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd §6-j, Gen Muni L

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Adds BOCES to the list of entities that are authorized to establish a workers' compensation reserve fund.

Go to top A10496 Actions:

BILL NOA10496 

&nbsp

03/06/2026referred to education

Go to topA10496 Committee&nbspVotes:

Go to topA10496 Floor&nbspVotes:

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

Go to topA10496 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10496

 IN ASSEMBLY

 March 6, 2026
 ___________

 Introduced by M. of A. GRIFFIN -- read once and referred to the Commit-
 tee on Education

 AN ACT to amend the general municipal law, in relation to authorizing
 BOCES to establish a workers' compensation reserve fund

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

 1 Section 1. Section 6-j of the general municipal law, as amended by
 2 chapter 704 of the laws of 1956, subdivisions 1 and 4 as amended by
 3 chapter 476 of the laws of 2018, subdivisions 2 and 6 as amended by
 4 chapter 340 of the laws of 1973, subdivision 3 as amended by chapter 140
 5 of the laws of 1996, and subdivision 5 as added and subdivision 6 as
 6 renumbered by chapter 433 of the laws of 1987, is amended to read as
 7 follows:
 8 § 6-j. [Workmen's] Workers' compensation reserve fund. 1. The govern-
 9 ing board of any municipal corporation, school district [or], fire
 10 district or board of cooperative educational services, which is, or
 11 shall hereafter become a self-insurer under the provisions of subdivi-
 12 sion four of section fifty of the workers' compensation law or section
 13 thirty of the volunteer firefighters' benefit law may establish a
 14 reserve fund to be known as the workers' compensation reserve fund of
 15 such municipal corporation, school district [or], fire district or board
 16 of cooperative educational services.
 17 2. There may be paid into any such fund (a) such amounts as may be
 18 provided therefor by budgetary appropriations; and (b) such other sums
 19 as may be legally appropriated.
 20 3. The moneys in such fund shall be deposited and secured in the
 21 manner provided by section ten of this article. The money in such fund
 22 so deposited shall be accounted for separate and apart from all other
 23 funds of the municipality, school district [or], fire district or board
 24 of cooperative educational services, in the same manner as provided in
 25 subdivision ten of section six-c of this article. The governing board,
 26 or the chief fiscal officer of such municipality, school district [or],
 27 fire district or board of cooperative educational services, if the
 28 governing board shall delegate such duty to [him] such chief fiscal

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15049-01-6

 A. 10496 2

 1 officer, may invest the moneys in such fund in the manner provided in
 2 section eleven of this article. Any interest earned or capital gain
 3 realized on the money so deposited or invested shall accrue to and
 4 become part of such fund. The separate identity of such fund shall be
 5 maintained whether its assets consist of cash or investments or both.
 6 4. An expenditure shall be made from such fund only for the payment of
 7 compensation and benefits, medical, hospital or other expense authorized
 8 by article two of the workers' compensation law and by the volunteer
 9 firefighters' benefit law and expenses of administering the self-insu-
 10 rance program for such municipal corporation, school district [or], fire
 11 district or board of cooperative educational services.
 12 5. If at the end of any fiscal year the moneys in such fund shall
 13 exceed the amounts required to be paid pursuant to subdivision four of
 14 this section plus any additional amount required to pay all pending
 15 claims, the governing board of the municipal corporation, school
 16 district, board of cooperative educational services or fire district
 17 may, within sixty days of the close of such fiscal year, elect to: (a)
 18 transfer said excess, or any part thereof, to any fund authorized by
 19 this article or