Bill Text: TX SB1105 | 2011-2012 | 82nd Legislature | Introduced

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Bill Title: Relating to an allotment under the public school finance system for the cost of windstorm and hail insurance.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-03-16 - Referred to Education [SB1105 Detail]

Download: Texas-2011-SB1105-Introduced.html

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82R5653 CAE-D
By: Jackson S.B. No. 1105

A BILL TO BE ENTITLED
AN ACT
relating to an allotment under the public school finance system for
the cost of windstorm and hail insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 42, Education Code, is
amended by adding Section 42.161 to read as follows:
Sec. 42.161. WINDSTORM AND HAIL INSURANCE ALLOTMENT. (a) A
school district that contracts for windstorm and hail insurance is
entitled to receive an allotment equal to the total amount required
to be paid for the insurance, not to exceed an amount specified by
commissioner rule.
(b) The commissioner may provide the allotment under this
section only if funds are specifically appropriated for that
purpose or the commissioner determines that the amount appropriated
for purposes of the Foundation School Program exceeds the amount to
which school districts are entitled under this chapter and the
excess funds may be used for that purpose.
SECTION 2. Section 42.2516(b), Education Code, is amended
to read as follows:
(b) Notwithstanding any other provision of this title, a
school district that imposes a maintenance and operations tax at a
rate at least equal to the product of the state compression
percentage multiplied by the maintenance and operations tax rate
adopted by the district for the 2005 tax year is entitled to at
least the amount of state revenue necessary to provide the district
with the sum of:
(1) as calculated under Subsection (e), the amount of
state and local revenue per student in weighted average daily
attendance for maintenance and operations that the district would
have received during the 2009-2010 school year under Chapter 41 and
this chapter, as those chapters existed on January 1, 2009, at a
maintenance and operations tax rate equal to the product of the
state compression percentage for that year multiplied by the
maintenance and operations tax rate adopted by the district for the
2005 tax year;
(2) an amount equal to the product of $120 multiplied
by the number of students in weighted average daily attendance in
the district;
(3) an amount equal to the amount the district is
required to pay into the tax increment fund for a reinvestment zone
under Section 311.013(n), Tax Code, in the current tax year; [and]
(4) any amount to which the district is entitled under
Section 42.106; and
(5) any amount to which the district is entitled under
Section 42.161.
SECTION 3. This Act takes effect September 1, 2011.