TX HB5317

Authorizes the Board of the State Office of Risk Management to create a self-insured retention fund (risk management pool) to provide insurance coverage to state agencies and institutions of higher education

Designates the Office as the administrator of the risk management pool, which would be considered a "sponsored policy" under Texas Administrative Code Chapter 252, Subchapter C, Rule 252.301

Allows state agencies subject to Labor Code Chapter 501 (excluding certain institutions under Chapter 501.022) to purchase coverage from the pool if they meet established criteria

Permits participating agencies to use legislatively appropriated funds to pay all costs associated with pool participation

Takes effect September 1, 2025, and applies only to risk management pools established on or after that date