BILL NUMBER: S7888
SPONSOR: PALUMBO
 
TITLE OF BILL:
An act to amend chapter 521 of the laws of 2001 establishing the Ridge
volunteer exempt firefighter's benevolent association, and providing for
its powers and duties, in relation to the use of foreign fire insurance
premium taxes
 
PURPOSE:
This bill will amend chapter 521 of the laws of 2001 relating to incor-
porating the Ridge Volunteer Exempt Firefighter's Benevolent Associ-
ation, Inc. in relation to the usage of money received from foreign fire
insurance companies by the association.
 
SUMMARY OF PROVISIONS:
Section 1. Amends section 7 of the chapter 521 of the laws of 2001
relating to the precept paragraph of the Ridge Volunteer Firefighter's
Benevolent Association, Inc to use taxes collected and paid by section
nine thousand one hundred four of the Insurance Law, as well as a share
of the tax imposed by section nine thousand one hundred five of the
Insurance Law, in the furtherance of its purposes as set forth in
section 3 of this article.
Section 2. Sets for the effective date.
 
JUSTIFICATION:
The Ridge Volunteer Exempt Firefighter's Benevolent Association, Inc
receives Foreign Fire Insurance Premium Tax monies from the New York
State Insurance Department. Currently, they are authorized to use such
funds for the care and relief of disabled or indigent volunteer and
exempt firefighters and their families. This legislation would authorize
the Association to use the funds in the furtherance of all their statu-
tory purposes, which also includes the maintenance of a suitable head-
quarters and the promotion of fraternal intercourse among the members
thereof, and the promotion of the welfare of the volunteer fire service
in addition to the relief, aid and assistance of such members and their
families who are disabled to indigent. This act would amend the chapter
of law governing the operation of the Ridge Volunteer Exempt Firefight-
er's Benevolent Association, Inc, in a manner like that which has been
done for other firefighter's benevolent associations so that it may more
effectively attend to the well-being of the association, its members and
their families.
 
LEGISLATIVE HISTORY:
New bill
 
FISCAL IMPLICATIONS:
None
 
EFFECTIVE DATE:
Immediately