Texas 2025 - 89th Regular

Texas Senate Bill SB2462 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R15799 MEW-D
2	2	By: Menéndez S.B. No. 2462
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to an interim study by the State Office of Risk Management
10	10	regarding property and casualty insurance costs incurred by public
11	11	schools.
12	12	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	13	SECTION 1. (a) In this section:
14	14	(1) "Agency" means the Texas Education Agency.
15	15	(2) "Office" means the State Office of Risk
16	16	Management.
17	17	(b) The office shall, in collaboration with the agency,
18	18	conduct an interim study on the costs of insuring public school real
19	19	property, using information provided by the agency, to develop a
20	20	statewide strategy to lower the costs of property and casualty
21	21	insurance for public schools in this state while ensuring that all
22	22	real property owned by public schools in this state, including
23	23	buildings, facilities, and land, is adequately insured.
24	24	(c) The agency shall require each school district and
25	25	open-enrollment charter school to submit to the agency by a date
26	26	prescribed by the agency the following information:
27	27	(1) the total insurable value of each building or
28	28	facility owned or leased by the district or school;
29	29	(2) the costs of property damage incurred by the
30	30	district or school during the preceding 10 years;
31	31	(3) the cost of property and casualty insurance to
32	32	insure all of the district's or school's assets; and
33	33	(4) the district's or school's protocols for replacing
34	34	or repairing damaged property.
35	35	(d) The agency shall report the information submitted by
36	36	each school district and open-enrollment charter school to the
37	37	office by a date prescribed by the office.
38	38	(e) In conducting the interim study under Subsection (b) of
39	39	this section, the office shall collect information and solicit
40	40	input from risk pools in which school districts and open-enrollment
41	41	charter schools participate.
42	42	(f) Not later than September 1, 2026, the office shall
43	43	prepare and submit to the legislature and each risk pool described
44	44	by Subsection (e) of this section a report regarding the office's
45	45	findings and recommendations based on the interim study conducted
46	46	under this section. The report must include recommendations
47	47	regarding:
48	48	(1) a statewide strategy to lower the costs of
49	49	property and casualty insurance for public schools in this state
50	50	while ensuring that all real property owned by public schools in
51	51	this state is adequately insured;
52	52	(2) actions school districts and open-enrollment
53	53	charter schools can individually take to alleviate property and
54	54	casualty insurance costs;
55	55	(3) actions risk pools in which school districts and
56	56	open-enrollment charter schools participate can take to lower costs
57	57	and remain resilient in the long term; and
58	58	(4) if the office recommends creating a statewide risk
59	59	pool to provide property and casualty insurance to school districts
60	60	and open-enrollment charter schools, the amount necessary for the
61	61	state to allocate to create that risk pool and the estimated savings
62	62	from operating a risk pool.
63	63	(g) This section expires September 1, 2027.
64	64	SECTION 2. This Act takes effect immediately if it receives
65	65	a vote of two-thirds of all the members elected to each house, as
66	66	provided by Section 39, Article III, Texas Constitution. If this
67	67	Act does not receive the vote necessary for immediate effect, this
68	68	Act takes effect September 1, 2025.