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A BILL TO BE ENTITLED
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AN ACT
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relating to a reduction in the cost of attendance credits for |
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certain school districts that purchase windstorm and hail |
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insurance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 41, Education Code, is |
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amended by adding Section 41.0932 to read as follows: |
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Sec. 41.0932. WINDSTORM AND HAIL INSURANCE COSTS. (a) This |
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section applies only to a school district all or part of which is |
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located in the seacoast territory, as defined by Section 2210.003, |
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Insurance Code. |
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(b) Subject to Subsection (c), the total amount required to |
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be paid by a district for attendance credits under Section 41.093 |
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for a school year is reduced by an amount equal to the district's |
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cost for that school year of purchasing a separate insurance policy |
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through the Texas Windstorm Insurance Association or otherwise for |
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loss to property caused by windstorm or hail. |
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(c) To receive a reduction under this section, a district |
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must provide the commissioner with acceptable documentation of the |
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district's cost of purchasing insurance described by Subsection |
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(b). |
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(d) The commissioner shall adopt rules necessary to |
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implement this section. |
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SECTION 2. This Act takes effect September 1, 2015. |