S 9670 NY
Authorizes BOCES to establish a workers' compensation reserve fund
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Summary
New York Senate Bill 9670 adds Boards of Cooperative Educational Services (BOCES) to the list of entities authorized to establish workers' compensation reserve funds under the General Municipal Law. The bill allows BOCES that are self-insurers under workers' compensation law to establish, fund, and manage a reserve fund for workers' compensation benefits and expenses. Money in the fund is kept separate from other funds, can be invested per municipal law provisions, and any earned interest or capital gains accrue to the fund. Funds can be expended only for compensation, benefits, medical and hospital expenses authorized by workers' compensation law, and administration of the self-insurance program. Any excess funds at the end of a fiscal year can be transferred to other authorized funds or applied to the next fiscal year's budget. The bill takes effect immediately.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Adds BOCES to the list of entities that are authorized to establish a workers' compensation reserve fund.
Sponsor (1)
- Siela Bynoe Democratic · primary
Action history (2)
- Apr 1, 2026 REFERRED TO LOCAL GOVERNMENT · upper
- May 19, 2026 REPORTED AND COMMITTED TO FINANCE · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S09670 Summary: BILL NO S09670   SAME AS SAME AS A10496
  SPONSOR BYNOE   COSPNSR   MLTSPNSR   Amd §6-j, Gen Muni L   Adds BOCES to the list of entities that are authorized to establish a workers' compensation reserve fund.
Go to top S09670 Text:
STATE OF NEW YORK ________________________________________________________________________
9670
IN SENATE
April 1, 2026 ___________
Introduced by Sen. BYNOE -- 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 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
S. 9670 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 section thirty-six hundred fifty-one of the education 20 law; and/or (b) apply said excess, or any part thereof to the budget 21 appropriation of the next succeeding fiscal year. 22 6. If the municipal corporation, school district [ or ] , fire district 23 or board of cooperative educational services shall, after the establish- 24 ment of such fund, cease to be a self-insurer, the moneys remaining in 25 such fund may be transferred to any other fund authorized by this chap- 26 ter or section thirty-six hundred fifty-one of the education law only to 27 the extent that the moneys in such fund shall exceed in amount the sum 28 sufficient to pay all expenditures authorized in [ paragraph numbered ] 29 subdivision four of this section , both accrued and contingent. 30 § 2. This act shall take effect immediately.
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