Permits the Niskayuna central school district to create an insurance reserve fund.
The bill amends the general municipal law to allow the Niskayuna central school district to establish an insurance reserve fund. This fund can be used for losses, claims, actions, or judgments for which the school district is authorized or required to purchase or maintain insurance. The fund cannot be used for risks already covered by other provisions of law. The bill takes effect immediately upon enactment.
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