AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
Many school districts across the state experience natural disasters and catastrophes based on their geographic location in Texas. Due to hurricanes, hail storms and wild fires, some districts must pay higher than average premiums for wind and hail insurance.
C.S.S.B. 750 requires the Texas Education Agency (TEA) to provide a report on the amount of property and casualty insurance paid by school districts. This will allow TEA to capture important data on expenditures associated with the purchase of property and casualty insurance by public schools in Texas and determine any potential disparity that may exist.
C.S.S.B. 750 amends current law relating to a report made by the Texas Education Agency regarding the property and casualty insurance costs of school districts and open-enrollment charter schools.
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 Subchapter Z, Chapter 44, Education Code, by adding Section 44.905, as follows:
Sec. 44.905. PROPERTY AND CASUALTY INSURANCE COSTS. (a) Requires the Texas Education Agency, not later than December 1, 2016, to provide to the governor, the lieutenant governor, and the members of the legislature a report containing:
(1) the amount paid for property and casualty insurance per student in average daily attendance by each school district and open-enrollment charter school; and
(2) the statewide average amount paid by school districts and open-enrollment charter schools for property and casualty insurance per student in average daily attendance.
(b) Provides that this section expires September 1, 2017.
SECTION 2. Effective date: September 1, 2015.