| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to a credit against required recapture payments for |
|
|
certain school districts for the cost of windstorm and hail |
|
|
insurance under the public school finance system. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter D, Chapter 49, Education Code, is |
|
|
amended by adding Section 49.1573 to read as follows: |
|
|
Sec. 49.1573. CREDIT FOR WINDSTORM AND HAIL INSURANCE |
|
|
COSTS. (a) This section applies only to a school district that is |
|
|
located in a first tier coastal county or second tier coastal |
|
|
county, as those terms are defined by Section 2210.003, Insurance |
|
|
Code. |
|
|
(b) The total amount required under Section 49.153 for a |
|
|
school district to which this section applies to purchase |
|
|
attendance credit under this subchapter for any school year is |
|
|
reduced by an amount equal to the amount of money spent by the |
|
|
district in the preceding school year to pay for the cost of |
|
|
windstorm and hail insurance. |
|
|
(c) A reduction under Subsection (b) shall be made after |
|
|
making any reduction to which the district is entitled under |
|
|
Section 49.157 or another provision of this chapter. |
|
|
SECTION 2. This Act takes effect September 1, 2025. |