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A BILL TO BE ENTITLED
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AN ACT
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relating to an allotment under the public school finance system for |
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the cost of windstorm and hail insurance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 42, Education Code, is |
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amended by adding Section 42.161 to read as follows: |
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Sec. 42.161. WINDSTORM AND HAIL INSURANCE ALLOTMENT. |
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(a) A school district that contracts for windstorm and hail |
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insurance is entitled to receive an allotment equal to the total |
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amount required to be paid for the insurance, not to exceed an |
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amount specified by commissioner rule. |
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(b) The commissioner may provide the allotment under this |
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section only if funds are specifically appropriated for that |
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purpose or the commissioner determines that the amount appropriated |
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for purposes of the Foundation School Program exceeds the amount to |
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which school districts are entitled under this chapter and the |
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excess funds may be used for that purpose. |
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SECTION 2. This Act takes effect September 1, 2015. |