Texas 2013 - 83rd Regular

Texas House Bill HB2756 Compare Versions

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1	1	83R3249 KKA-D
2	2	By: Branch, Bonnen of Brazoria, Isaac H.B. No. 2756
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the equalized wealth level and the guaranteed yield
8	8	under the school finance system.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 41.002(a), Education Code, is amended to
11	11	read as follows:
12	12	(a) A school district may not have a wealth per student that
13	13	exceeds:
14	14	(1) the wealth per student that generates the amount
15	15	of maintenance and operations tax revenue per weighted student
16	16	available to a district with maintenance and operations tax revenue
17	17	per cent of tax effort equal to the maximum amount provided per cent
18	18	under Section 42.101(a) or (b), for the district's maintenance and
19	19	operations tax effort equal to or less than the rate equal to the
20	20	product of the state compression percentage, as determined under
21	21	Section 42.2516, multiplied by the maintenance and operations tax
22	22	rate adopted by the district for the 2005 tax year;
23	23	(2) the wealth per student that generates the amount
24	24	of maintenance and operations tax revenue per weighted student
25	25	available to the Austin Independent School District, as determined
26	26	by the commissioner in cooperation with the Legislative Budget
27	27	Board, for the first eight [six] cents by which the district's
28	28	maintenance and operations tax rate exceeds the rate equal to the
29	29	product of the state compression percentage, as determined under
30	30	Section 42.2516, multiplied by the maintenance and operations tax
31	31	rate adopted by the district for the 2005 tax year, subject to
32	32	Section 41.093(b-1); or
33	33	(3) $319,500, for the district's maintenance and
34	34	operations tax effort that exceeds the first eight [six] cents by
35	35	which the district's maintenance and operations tax effort exceeds
36	36	the rate equal to the product of the state compression percentage,
37	37	as determined under Section 42.2516, multiplied by the maintenance
38	38	and operations tax rate adopted by the district for the 2005 tax
39	39	year.
40	40	SECTION 2. Section 41.093(b-1), Education Code, is amended
41	41	to read as follows:
42	42	(b-1) If the guaranteed level of state and local funds per
43	43	weighted student per cent of tax effort under Section
44	44	42.302(a-1)(1) for which state funds are appropriated for a school
45	45	year is an amount at least equal to the amount of revenue per
46	46	weighted student per cent of tax effort available to the Austin
47	47	Independent School District, as determined by the commissioner in
48	48	cooperation with the Legislative Budget Board, the commissioner, in
49	49	computing the amounts described by Subsections (a)(1) and (2) and
50	50	determining the cost of an attendance credit, shall exclude
51	51	maintenance and operations tax revenue resulting from the first
52	52	eight [six] cents by which a district's maintenance and operations
53	53	tax rate exceeds the rate equal to the product of the state
54	54	compression percentage, as determined under Section 42.2516,
55	55	multiplied by the maintenance and operations tax rate adopted by
56	56	the district for the 2005 tax year.
57	57	SECTION 3. Section 42.302(a-1), Education Code, is amended
58	58	to read as follows:
59	59	(a-1) In this section, "wealth per student" has the meaning
60	60	assigned by Section 41.001. For purposes of Subsection (a), the
61	61	dollar amount guaranteed level of state and local funds per
62	62	weighted student per cent of tax effort ("GL") for a school district
63	63	is:
64	64	(1) the greater of the amount of district tax revenue
65	65	per weighted student per cent of tax effort that would be available
66	66	to the Austin Independent School District, as determined by the
67	67	commissioner in cooperation with the Legislative Budget Board, if
68	68	the reduction of the limitation on tax increases as provided by
69	69	Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the
70	70	amount of district tax revenue per weighted student per cent of tax
71	71	effort used for purposes of this subdivision in the preceding
72	72	school year, for the first eight [six] cents by which the district's
73	73	maintenance and operations tax rate exceeds the rate equal to the
74	74	product of the state compression percentage, as determined under
75	75	Section 42.2516, multiplied by the maintenance and operations tax
76	76	rate adopted by the district for the 2005 tax year; and
77	77	(2) $31.95, for the district's maintenance and
78	78	operations tax effort that exceeds the amount of tax effort
79	79	described by Subdivision (1).
80	80	SECTION 4. This Act takes effect September 1, 2013.