Texas 2009 - 81st Regular

Texas Senate Bill SB1029 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	81R1197 CAE-D
2	2	By: Davis, Wendy S.B. No. 1029
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the guaranteed level of state and local funds for the
8	8	instructional facilities allotment and the existing debt allotment
9	9	under the public school finance system.
10	10	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 46.003(a), Education Code, is amended to
12	12	read as follows:
13	13	(a) For each year, except as provided by Sections 46.005 and
14	14	46.006, a school district is guaranteed a specified amount per
15	15	student in state and local funds for each cent of tax effort, up to
16	16	the maximum rate under Subsection (b), to pay the principal of and
17	17	interest on eligible bonds issued to construct, acquire, renovate,
18	18	or improve an instructional facility. The amount of state support
19	19	is determined by the formula:
20	20	FYA = (FYL X ADA X BTR X 100) - (BTR X (DPV/100))
21	21	where:
22	22	"FYA" is the guaranteed facilities yield amount of state
23	23	funds allocated to the district for the year;
24	24	"FYL" is the dollar amount guaranteed level of state and
25	25	local funds per student per cent of tax effort, which is $40 [$35]
26	26	or a greater amount for any year provided by appropriation;
27	27	"ADA" is the greater of the number of students in average
28	28	daily attendance, as determined under Section 42.005, in the
29	29	district or 400;
30	30	"BTR" is the district's bond tax rate for the current year,
31	31	which is determined by dividing the amount budgeted by the district
32	32	for payment of eligible bonds by the quotient of the district's
33	33	taxable value of property as determined under Subchapter M, Chapter
34	34	403, Government Code, or, if applicable, Section 42.2521, divided
35	35	by 100; and
36	36	"DPV" is the district's taxable value of property as
37	37	determined under Subchapter M, Chapter 403, Government Code, or, if
38	38	applicable, Section 42.2521.
39	39	SECTION 2. Section 46.032(a), Education Code, is amended to
40	40	read as follows:
41	41	(a) Each school district is guaranteed a specified amount
42	42	per student in state and local funds for each cent of tax effort to
43	43	pay the principal of and interest on eligible bonds. The amount of
44	44	state support, subject only to the maximum amount under Section
45	45	46.034, is determined by the formula:
46	46	EDA = (EDGL X ADA X EDTR X 100) - (EDTR X (DPV/100))
47	47	where:
48	48	"EDA" is the amount of state funds to be allocated to the
49	49	district for assistance with existing debt;
50	50	"EDGL" is the dollar amount guaranteed level of state and
51	51	local funds per student per cent of tax effort, which is $40 [$35]
52	52	or a greater amount for any year provided by appropriation;
53	53	"ADA" is the number of students in average daily attendance,
54	54	as determined under Section 42.005, in the district;
55	55	"EDTR" is the existing debt tax rate of the district, which is
56	56	determined by dividing the amount budgeted by the district for
57	57	payment of eligible bonds by the quotient of the district's taxable
58	58	value of property as determined under Subchapter M, Chapter 403,
59	59	Government Code, or, if applicable, under Section 42.2521, divided
60	60	by 100; and
61	61	"DPV" is the district's taxable value of property as
62	62	determined under Subchapter M, Chapter 403, Government Code, or, if
63	63	applicable, under Section 42.2521.
64	64	SECTION 3. This Act takes effect September 1, 2009.