2025 Regular Session - Day 23 - HB 524, Rep. Aaron Thompson

House Bill 524 that we consider today discusses and works on the State Fire Tor fire and tornado Insurance Fund this fund is a self-insured commercial property insurance program that provides Insurance protection for all state-owned buildings and contents as well uh the fund in particular covers all 7100 plus state-owned state-owned structures what we're really doing today and proposing today really just makes two specific changes first off the current Provisions related to the fund are set to expire some portions related to the fund are set to expire on July 1st of this year this will simply extend these provisions on out to July 1 2030 and then secondly to really make sure that the fund has a more appropriate and relevant to name to what the fund actually uh does seek it rep renames it to the Commonwealth's Property and Casualty Insurance funds fund which better describes the purpose of it U Mr Speaker if there are no questions I move passage of House Bill 524