89R15799 MEW-D     By: Menéndez S.B. No. 2462       A BILL TO BE ENTITLED   AN ACT   relating to an interim study by the State Office of Risk Management   regarding property and casualty insurance costs incurred by public   schools.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  (a)  In this section:                (1)  "Agency" means the Texas Education Agency.                (2)  "Office" means the State Office of Risk   Management.          (b)  The office shall, in collaboration with the agency,   conduct an interim study on the costs of insuring public school real   property, using information provided by the agency, to develop a   statewide strategy to lower the costs of property and casualty   insurance for public schools in this state while ensuring that all   real property owned by public schools in this state, including   buildings, facilities, and land, is adequately insured.          (c)  The agency shall require each school district and   open-enrollment charter school to submit to the agency by a date   prescribed by the agency the following information:                (1)  the total insurable value of each building or   facility owned or leased by the district or school;                (2)  the costs of property damage incurred by the   district or school during the preceding 10 years;                (3)  the cost of property and casualty insurance to   insure all of the district's or school's assets; and                (4)  the district's or school's protocols for replacing   or repairing damaged property.          (d)  The agency shall report the information submitted by   each school district and open-enrollment charter school to the   office by a date prescribed by the office.          (e)  In conducting the interim study under Subsection (b) of   this section, the office shall collect information and solicit   input from risk pools in which school districts and open-enrollment   charter schools participate.          (f)  Not later than September 1, 2026, the office shall   prepare and submit to the legislature and each risk pool described   by Subsection (e) of this section a report regarding the office's   findings and recommendations based on the interim study conducted   under this section. The report must include recommendations   regarding:                (1)  a statewide strategy to lower the costs of   property and casualty insurance for public schools in this state   while ensuring that all real property owned by public schools in   this state is adequately insured;                (2)  actions school districts and open-enrollment   charter schools can individually take to alleviate property and   casualty insurance costs;                (3)  actions risk pools in which school districts and   open-enrollment charter schools participate can take to lower costs   and remain resilient in the long term; and                (4)  if the office recommends creating a statewide risk   pool to provide property and casualty insurance to school districts   and open-enrollment charter schools, the amount necessary for the   state to allocate to create that risk pool and the estimated savings   from operating a risk pool.          (g)  This section expires September 1, 2027.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.