New York S 922: Provides that excess investment tax credit amounts may be refundable to operators of a farm operation

Bill Text

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S00922 Summary:

BILL NOS00922 

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SAME ASNo Same As

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SPONSORGALLIVAN

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COSPNSRTEDISCO

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MLTSPNSR

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Amd §6-n, Gen Muni L

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Authorizes school districts to establish an insurance reserve fund in an amount and manner determined by a qualified and independent actuary certified by the American Academy of Actuaries to be reasonable and necessary.

Go to top S00922 Actions:

BILL NOS00922 

&nbsp

01/08/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS00922 Committee&nbspVotes:

Go to topS00922 Floor&nbspVotes:

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

Go to topS00922 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 922

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. GALLIVAN, TEDISCO -- read twice and ordered printed,
 and when printed to be committed to the Committee on Local Government

 AN ACT to amend the general municipal law, in relation to authorizing
 all school districts to establish reserve funds

 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

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02901-01-5

 S. 922 2

 1 school district, the Binghamton city school district, the Candor central
 2 school district, the Cleveland Hill union free school district, the
 3 Depew union free school district, the Iroquois central school district,
 4 the Liverpool central school district, the Auburn enlarged city school
 5 district, the Carmel central school district, the Clarence central
 6 school district, the Fulton city school district, and the Canastota
 7 central school district and any other school district, pursuant to a
 8 collective bargaining agreement, may establish insurance reserve funds
 9 in compliance with this section and article seventy-four of the educa-
 10 tion law and such school districts may make expenditures in compliance
 11 with this section and article seventy-four of the education law, in an
 12 amount and manner determined by a qualified and independent actuary
 13 certified by the American Academy of Actuaries to be reasonable and
 14 necessary, from such reserve fund for any loss, claim, action or judg-
 15 ment for which the school districts are authorized or required to
 16 purchase or maintain insurance for the kinds of risks for which insur-
 17 ance is authorized pursuant to paragraph three of subsection