Bill
S 8306
Overview: Bill Number: S 8306, Title: Updates the South Lockport Volunteer Exempt Firemen's Benevolent Association's charter, Status: SIGNED CHAP.410, Introduced: May 30, 2025Purpo
Overview: Bill Number: S 8306, Title: Updates the South Lockport Volunteer Exempt Firemen's Benevolent Association's charter, Status: SIGNED CHAP.410, Introduced: May 30, 2025
Purpose and Intent: The purpose of this bill is to update the charter of the South Lockport Volunteer Exempt Firemen's Benevolent Association to reflect changes in the organization's structure and operations.
Key Provisions:
- Amends the association's charter to allow for the election of up to 15 board members, an increase from the previous limit of 9.
- Authorizes the association to invest its funds in a broader range of financial instruments, including stocks and bonds, to improve returns.
- Grants the association the ability to establish scholarship programs for the children of its members.
- Updates the charter's language to modernize terminology and administrative procedures.
Affected Parties and Impacts:
- The South Lockport Volunteer Exempt Firemen's Benevolent Association will have greater flexibility in its governance and financial management.
- The association's members and their families may benefit from the new scholarship programs.
- The local community may see increased support and services from the association due to its updated charter.
Procedural and Timeline Considerations:
This bill has been signed into law, updating the South Lockport Volunteer Exempt Firemen's Benevolent Association's charter. The changes will take effect immediately.
Compiled from official sources — confirm details with the bill’s official record.
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