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 offers the best coverage. The legal language inserted into the current law specifies that these boards have the authority to make such insurance decisions, ensuring they have the flexibility to choose the most suitable option for their needs.

The bill does not include any deletions from current law but emphasizes the boards' ability to select insurance providers based on their assessment of coverage quality. The act is set to become effective on June 1, 2024, following its passage in the House on April 11, 2024, and in the Senate on April 30, 2024.