84R5737 KKA-D
By: Smith H.B. No. 1070
A BILL TO BE ENTITLED
AN ACT
relating to a reduction in the cost of attendance credits for
certain school districts that purchase windstorm and hail
insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 41, Education Code, is
amended by adding Section 41.0932 to read as follows:
Sec. 41.0932. WINDSTORM AND HAIL INSURANCE COSTS. (a) This
section applies only to a school district all or part of which is
located in the seacoast territory, as defined by Section 2210.003,
Insurance Code.
(b) Subject to Subsection (c), the total amount required to
be paid by a district for attendance credits under Section 41.093
for a school year is reduced by an amount equal to the district's
cost for that school year of purchasing a separate insurance policy
through the Texas Windstorm Insurance Association or otherwise for
loss to property caused by windstorm or hail.
(c) To receive a reduction under this section, a district
must provide the commissioner with acceptable documentation of the
district's cost of purchasing insurance described by Subsection
(b).
(d) The commissioner shall adopt rules necessary to
implement this section.
SECTION 2. This Act takes effect September 1, 2015.