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TX SB2924
Bill
Status
3/14/2025
Primary Sponsor
Tan Parker
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AI Summary
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Establishes a hurricane and windstorm loss prevention grant program administered by the Insurance Commissioner to provide grants for retrofitting eligible residential properties to resist storm damage
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Limits eligibility to owners of single-family homes or HUD-code manufactured homes that serve as the owner's residence homestead
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Requires grant recipients to retrofit properties to meet fortified home hurricane or high wind/hail standards adopted by the Institute for Business and Home Safety, or another commissioner-approved mitigation program
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Creates a dedicated hurricane and windstorm mitigation account in the general revenue fund, funded by gifts, grants, donations, legislative appropriations, and interest earnings
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Authorizes the commissioner to award grants to nonprofit organizations to administer retrofitting of eligible properties and requires grant recipients to obtain all necessary local permits and inspections
Legislative Description
Relating to a grant program for hurricane and windstorm loss mitigation for single-family residential property.
State Finances
Last Action
Referred to Business & Commerce
4/7/2025