By Flores H.B. No. 311 77R1887 KEL-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of a school district to select a sole 1-3 broker of record for the purpose of purchasing insurance. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter B, Chapter 44, Education Code, is 1-6 amended by adding Section 44.0316 to read as follows: 1-7 Sec. 44.0316. SELECTION OF INSURANCE BROKER. (a) This 1-8 subchapter does not prevent the board of trustees of a school 1-9 district from selecting a licensed insurance broker as the sole 1-10 broker of record for the purpose of purchasing insurance for the 1-11 school district, regardless of the aggregate value of insurance 1-12 contract premiums in a 12-month period. 1-13 (b) The board of trustees shall ensure that: 1-14 (1) the use of a sole broker of record is in the 1-15 school district's best interest; and 1-16 (2) the broker is selected in a manner that is 1-17 consistent with good business management. 1-18 SECTION 2. This Act takes effect immediately if it receives 1-19 a vote of two-thirds of all the members elected to each house, as 1-20 provided by Section 39, Article III, Texas Constitution. If this 1-21 Act does not receive the vote necessary for immediate effect, this 1-22 Act takes effect September 1, 2001.