An Act
ENROLLED HOUSE
BILL NO. 2190 By: Lowe (Dick) of the House
and
Pemberton of the Senate
An Act relating to schools; permitting board of
education to establish fund to purchase high-
deductible property insurance policy; requiring
transfer of monies from school district general fund;
prescribing maximum amount of transfer; providing for
codification; providing an effective date ; and
declaring an emergency.
SUBJECT: Schools
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLA HOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 5-117.7 of Title 70, unless
there is created a duplicatio n in numbering, reads as follows:
A. Pursuant to the powers and duties granted by paragraph 8 of
subsection A of Section 5-117 of Title 70 of the Oklahoma Statutes,
the board of education of each school district may establish a
casualty and flood insurance recovery fund for the purpose of
purchasing a high-deductible property insurance policy.
B. Monies for the casualty and flood insurance recovery fund
shall be transferred from the school district general fund, as
defined in Section 1-117 of Title 70 of the Oklahoma Statutes. The
amount of monies transferred from the general fund shall not exceed
the amount of the high-deductible property insurance policy
deductible.
SECTION 2. This act shall become e ffective July 1, 2024. ENR. H. B. NO. 2190 Page 2
SECTION 3. It being immediatel y necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof thi s act shall take effect and
be in full force from a nd after its passage and approval.
ENR. H. B. NO. 2190 Page 3
Passed the House of Representatives the 26th day of February,
2024.
Presiding Officer of the House
of Representatives
Passed the Senate the 15th day of April, 2024.
Presiding Officer of the Senate
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20__ _____, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _____ ____
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________