The bill authorizes the Colbert County Board of Education, along with the Muscle Shoals, Sheffield, and Tuscumbia City Boards of Education, to insure school buildings and property under their jurisdiction. This can be done either through the State Insurance Fund or with a private insurance company that the respective boards determine provides the best coverage. The legal language inserted into the current law specifies that these boards have the authority to choose their insurance provider based on their assessment of coverage quality.

The bill does not include any deletions from current law but establishes a clear framework for the insurance of school properties in Colbert County. It is set to take effect on June 1, 2024, following its passage in the House on April 11, 2024, and in the Senate on April 30, 2024.