Permits the Chenango Forks central school district to create an insurance reserve fund.
Summary
This bill amends section 6-n of the General Municipal Law to add the Chenango Forks central school district to the list of school districts specifically authorized to establish an insurance reserve fund. The underlying statute already allows municipal corporations to create insurance reserve funds for certain losses, claims, actions, or judgments tied to insurance they are authorized or required to carry, subject to limits and exclusions. The bill does not create a new type of reserve fund statewide; it extends an existing authorization to one additional school district.
Under the bill, Chenango Forks central school district would be able to establish and use an insurance reserve fund in accordance with General Municipal Law and Article 74 of the Education Law. The district could then make expenditures from that fund for covered insurance-related liabilities, consistent with the same rules that apply to the other named school districts already listed in the statute. The act takes effect immediately.
Impact
The bill would amend state law to specifically include Chenango Forks central school district among the school districts permitted to create insurance reserve funds under General Municipal Law section 6-n. This would give the district an additional fiscal tool for managing certain insurance-related claims and judgments, while leaving the broader statewide framework unchanged. The practical effect is limited to one school district, but it would place Chenango Forks on the same footing as other enumerated districts already authorized to use this reserve mechanism.
Sentiment
There is no recorded committee transcript or vote history provided, so there is no direct evidence of debate or opposition in the available materials. Based on the bill text and caption, the measure appears routine and narrowly tailored, with a generally administrative or technical character rather than a controversial policy change. The absence of votes or discussion suggests no documented public sentiment in the supplied record.
Contention
No specific points of contention are identified in the available materials. The only substantive issue is the targeted nature of the authorization: the bill singles out Chenango Forks central school district for inclusion in a statute that already names numerous other districts. Any concern would likely be limited to whether this district should receive the same reserve-fund authority as similarly situated school districts, but no opposition or competing view is documented in the provided context.
Authorizes the Holland central school district to establish an insurance reserve fund for any loss, claim, action or judgment for which such school district is authorized or required to purchase or maintain insurance for the kinds of risks for which insurance is authorized.
Relating to the authority of the Wood County Central Hospital District of Wood County, Texas, to provide brain and memory care services to residents of the hospital district through the creation and operation of brain and memory health care services districts.