Enrolled Bill Summary

House Bill 3750	House Author:  Simmons et al.
Effective:  6-19-15	Senate Sponsor:  Birdwell

            House Bill 3750 requires the State Office of Risk Management (SORM) to report to the legislature on an interim study to be conducted by SORM regarding insurable state assets, using information that is collected by the Legislative Budget Board (LBB) and then consolidated by SORM into a single database. The bill requires the report to include a statewide strategy developed by SORM that will ensure all real property owned by the state is adequately insured.

            The bill also establishes the Senate Select Committee on State Real Property Data Collection, Reporting, and Assessment and the House Select Committee on State Real Property Data Collection, Reporting, and Assessment to jointly report on a study, which may be conducted separately or jointly by the committees, on certain issues and information relating to real property owned by the state. The bill, among the other provisions prescribing the scope of this study, requires the committees to study the potential benefits of maintaining a comprehensive database of all real property owned by the state. The bill also requires the committees to conduct an appraisal of all or part of the Capitol Complex.