HB 3631
AN ACT relating to a credit against required recapture payments for
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Provides a financial credit for school districts located in coastal counties of Texas, specifically reducing their required recapture payments by the amount they spent on windstorm and hail insurance in the previous school year. The credit aims to help offset insurance costs for school districts in areas prone to severe weather, potentially reducing their financial burden under the public school finance system. The legislation applies only to first and second tier coastal counties and will take effect on September 1, 2025.
Subject Areas
Bill Text
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 (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 (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.
Bill History
Bill filed: AN ACT relating to a credit against required recapture payments for
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