83R2600 KKA-D
By: Aycock H.B. No. 265
A BILL TO BE ENTITLED
AN ACT
relating to the public school finance system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 7, Education Code, is
amended by adding Section 7.0551 to read as follows:
Sec. 7.0551. DISTRIBUTION OF STATE REVENUE FOR PUBLIC
EDUCATION. The commissioner shall adopt rules providing for the
distribution of state revenue for the maintenance and operation of
public schools and the support of instructional facilities and
school district debt. For purposes of this section, "state
revenue" means state financial assistance formerly distributed
under Chapters 42 and 46, as those chapters existed on January 1,
2013.
SECTION 2. Chapters 41, 42, and 46, Education Code, are
repealed.
SECTION 3. (a) Except as provided by Subsection (b) of this
section:
(1) this Act takes effect immediately if it receives a
vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution; and
(2) if this Act does not receive the vote necessary for
immediate effect, this Act takes effect September 1, 2013.
(b) The repeal of Chapters 41, 42, and 46, Education Code,
by this Act takes effect September 1, 2013.