Texas House Bill HB1875

Texas 2015 - 84th Regular

Caption

Relating to an allotment under the public school finance system for the cost of windstorm and hail insurance.

Impact

If enacted, HB 1875 would significantly impact the fiscal management of school districts in Texas by providing them with a designated source of funds for windstorm and hail insurance. This could lead to a more robust approach to risk management within the education sector. Furthermore, the allocation hinges on the availability of state funds, meaning that the effectiveness of this bill will depend on the financial health of the state and the budget appropriations made for this purpose.

Summary

House Bill 1875 introduces a financial allotment under the public school finance system specifically designed to cover the costs of windstorm and hail insurance for school districts. This bill aims to alleviate the financial burden on these districts, ensuring they are able to secure the necessary insurance to protect school property from storm-related damages. The provision states that a school district that contracts for such insurance is entitled to receive reimbursement, though the amount is capped by rules established by the commissioner of education.

Contention

While the bill is focused on providing funding assistance, potential points of contention may arise regarding the determination of what constitutes an appropriate level of funding and the rules applied by the commissioner. There may be opposition concerning whether the limit on the allotment amount is sufficient for all school districts, especially those in higher-risk areas prone to severe weather events. Additionally, discussions around budget priorities are likely, as there may be competing needs within the public education system that could be affected by focusing funds on insurance alone.