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Bill

S 8513

Permits the Johnson City Central school district to create an insurance reserve fund

2025 Regular Session Introduced by Lea Webb

Authorizes Johnson City school district to create an insurance reserve fund to cover premiums, deductibles, and claims, with governance, funding, and reporting rules to guide it.

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Bill Summary · S 8513

Legislative Bill Summary – S 8513

Overview

Bill S 8513, titled "Permits the Johnson City school district to create an insurance reserve fund," was introduced on September 24, 2025 and is currently REFERRED TO RULES. The primary sponsor is Lea Webb. A companion bill exists in the Assembly, designated as A 9183.

What the bill would do (as indicated by the title)

  • Authorize the Johnson City school district to establish an insurance reserve fund.
    This would create a dedicated financial mechanism within the district to manage insurance-related costs and risks.

Key provisions (based on the bill’s purpose; text not provided)

  • Establishment: Authorization for the Johnson City school district to create an insurance reserve fund.
  • Uses of the fund: Likely to include paying or funding insurance premiums, deductibles, claims, and risk-management activities. (The exact permitted uses would be specified in the bill text.)
  • Governance and administration: Potential requirements for how the fund is managed (e.g., district treasurer or governing board oversight, fiduciary responsibilities, reporting).
  • Funding and financing: Possible mechanisms for funding the reserve (e.g., annual appropriations, transfers, or other district funding decisions). Specific funding methods are not detailed in the provided information.
  • Investments and protections: Possible investment guidelines and safeguards for the fund’s assets; compliance with applicable state/local finance laws.
  • Reporting and auditing: Likely duties to report the fund’s status to the school board and relevant oversight bodies; periodic audits.
  • Compliance: Provisions ensuring consistency with existing state education finance laws and local budgeting processes.

Note: The exact text and specific provisions are not included in the information provided. The bullets above reflect common elements in statutes authorizing local insurance reserve funds.

Affected parties

  • Primary: Johnson City school district (local educational agency) and its governing authorities.
  • Potential broader effects: District taxpayers and local stakeholders may be impacted by changes in reserve fund management, budgeting, and insurance cost planning. The exact fiscal impact would depend on the bill’s final provisions.

Procedural and timeline details

  • Introduction date: September 24, 2025.
  • Current status: Referred to Rules (refer to Rules committee). No further actions listed in the provided information.
  • Next steps (typically): The Rules committee would consider referral, potentially hold hearings, and move the measure to floor votes in the respective chamber. A fiscal note or impact analysis may accompany action.

Related legislation

  • Companion bill: A 9183 ( Assembly). The existence of a companion typically indicates parallel legislation in another chamber, often aligned in purpose and provisions.

Sponsor

  • Primary sponsor: Lea Webb.

Summary takeaway

S 8513 would authorize Johnson City to create an insurance reserve fund, outlining governance, funding, and use of the fund to manage insurance-related costs. The exact provisions, fiscal impact, and implementation details await the bill’s full text and subsequent committee actions. A companion bill exists in the Assembly (A 9183).

Compiled from official sources — confirm details with the bill’s official record.

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