83R7557 CAE-D
By: Taylor S.B. No. 1223
A BILL TO BE ENTITLED
AN ACT
relating to an allotment under the public school finance system for
the cost of windstorm and hail insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 42, Education Code, is
amended by adding Section 42.161 to read as follows:
Sec. 42.161. WINDSTORM AND HAIL INSURANCE ALLOTMENT. (a) A
school district that contracts for windstorm and hail insurance is
entitled to receive an allotment equal to the total amount required
to be paid for the insurance, not to exceed an amount specified by
commissioner rule.
(b) The commissioner may provide the allotment under this
section only if funds are specifically appropriated for that
purpose or the commissioner determines that the amount appropriated
for purposes of the Foundation School Program exceeds the amount to
which school districts are entitled under this chapter and the
excess funds may be used for that purpose.
SECTION 2. This Act takes effect September 1, 2013.