Texas 2015 - 84th Regular

Texas House Bill HB1875 Compare Versions

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11 84R7899 CAE-D
22 By: Bonnen of Galveston H.B. No. 1875
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55 A BILL TO BE ENTITLED
66 AN ACT
77 relating to an allotment under the public school finance system for
88 the cost of windstorm and hail insurance.
99 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1010 SECTION 1. Subchapter C, Chapter 42, Education Code, is
1111 amended by adding Section 42.161 to read as follows:
1212 Sec. 42.161. WINDSTORM AND HAIL INSURANCE ALLOTMENT. (a) A
1313 school district that contracts for windstorm and hail insurance is
1414 entitled to receive an allotment equal to the total amount required
1515 to be paid for the insurance, not to exceed an amount specified by
1616 commissioner rule.
1717 (b) The commissioner may provide the allotment under this
1818 section only if funds are specifically appropriated for that
1919 purpose or the commissioner determines that the amount appropriated
2020 for purposes of the Foundation School Program exceeds the amount to
2121 which school districts are entitled under this chapter and the
2222 excess funds may be used for that purpose.
2323 SECTION 2. This Act takes effect September 1, 2015.