Relates to authorizing the New York Liquidation Bureau to establish a reimbursement program for eligible local educational agencies

Added a specific exemption for educational entities located within the City of New York, clarifying that the reimbursement program does not apply to them.

Redefined 'Local educational agency' to explicitly include approved boards of cooperative educational services and clarified the population threshold for exclusion (cities with one million or more residents).

Introduced a new mechanism to fund reimbursements if the insolvent insurer's estate assets are insufficient, allowing the Bureau to seek recoveries from reinsurers, third parties, or voluntary industry contributions.

Changed the effective date of the law from 180 days after enactment to 120 days after enactment.

Added a requirement that the Bureau must prioritize reimbursement requests from local educational agencies demonstrating significant financial hardship.