Authorizes statewide municipal reciprocal program agreements and issuance of program bonds.

This bill amends the public authorities law to authorize the issuance of statewide municipal reciprocal program bonds. It allows the proceeds from these bonds to be made available to a statewide municipal reciprocal program. The bill also defines key terms such as "Statewide Municipal Reciprocal Program," "Statewide Municipal Reciprocal Program Premiums," and "Statewide Municipal Reciprocal Program Agreement." The proceeds from these bonds are intended to support the New York Schools Insurance Reciprocal, which provides property and casualty insurance for public school districts and BOCES.

Authorizes statewide municipal reciprocal program agreements and issuance of program bonds.

This bill amends the public authorities law to authorize the issuance of statewide municipal reciprocal program bonds. It allows the proceeds from these bonds to be made available to a statewide municipal reciprocal program. The bill also defines key terms such as "Statewide Municipal Reciprocal Program," "Statewide Municipal Reciprocal Program Premiums," and "Statewide Municipal Reciprocal Program Agreement." The proceeds from these bonds are intended to support the New York Schools Insurance Reciprocal, which provides property and casualty insurance for public school districts and BOCES.