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1 | 1 | 84R7899 CAE-D | |
2 | 2 | By: Bonnen of Galveston H.B. No. 1875 | |
3 | 3 | ||
4 | 4 | ||
5 | 5 | A BILL TO BE ENTITLED | |
6 | 6 | AN ACT | |
7 | 7 | relating to an allotment under the public school finance system for | |
8 | 8 | the cost of windstorm and hail insurance. | |
9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
10 | 10 | SECTION 1. Subchapter C, Chapter 42, Education Code, is | |
11 | 11 | amended by adding Section 42.161 to read as follows: | |
12 | 12 | Sec. 42.161. WINDSTORM AND HAIL INSURANCE ALLOTMENT. (a) A | |
13 | 13 | school district that contracts for windstorm and hail insurance is | |
14 | 14 | entitled to receive an allotment equal to the total amount required | |
15 | 15 | to be paid for the insurance, not to exceed an amount specified by | |
16 | 16 | commissioner rule. | |
17 | 17 | (b) The commissioner may provide the allotment under this | |
18 | 18 | section only if funds are specifically appropriated for that | |
19 | 19 | purpose or the commissioner determines that the amount appropriated | |
20 | 20 | for purposes of the Foundation School Program exceeds the amount to | |
21 | 21 | which school districts are entitled under this chapter and the | |
22 | 22 | excess funds may be used for that purpose. | |
23 | 23 | SECTION 2. This Act takes effect September 1, 2015. |