SRC-JEC S.B. 622 77(R) BILL ANALYSIS Senate Research Center S.B. 622 77R2297 MI-DBy: Barrientos Intergovernmental Relations 2/13/2001 As Filed DIGEST AND PURPOSE Currently, some counties use an Owner Controlled Insurance Program (OCIP) to procure insurance for contractors on a job site. However, this cost is not payable by voter approved bond funds. As proposed, S.B. 622 authorizes counties to fund the costs of OCIP from bond proceeds. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Title 9D, Government Code, to add Chapter 1303, as follows: CHAPTER 1303. OTHER USE OF COUNTY BOND PROCEEDS Sec. 1303.001. USE OF BOND PROCEEDS FOR OWNER-CONTROLLED INSURANCE PROGRAM. Authorizes a county to use the proceeds of bonds or certificates of obligation issued to pay for a county construction project to pay for an owner-controlled insurance program under which the county establishes and administers a consolidated insurance program for the project if the county's order authorizing the issuance of the bonds or other certificates of obligation authorizes the establishment of the program. SECTION 2. Effective date: September 1, 2001.