By: Capriglione H.B. No. 3507
A BILL TO BE ENTITLED
AN ACT
relating to the calculation of wealth level per student for the
purpose of taking action to achieve the equalized wealth level.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 41.003, Education Code, is amended by
adding Subsection (b) as follows:
(a) A district with a wealth per student that exceeds the
equalized wealth level may take any combination of the following
actions to achieve the equalized wealth level:
(1) consolidation with another district as provided by
Subchapter B;
(2) detachment of territory as provided by Subchapter
C;
(3) purchase of average daily attendance credit as
provided by Subchapter D;
(4) education of nonresident students as provided by
Subchapter E; or
(5) tax base consolidation with another district as
provided by Subchapter F.
(b) Prior to taking any action to achieve the equalized
wealth level in accordance with subsection (a), a district with a
wealth per student that exceeds the equalized wealth level shall
subtract from its wealth per student the amount of revenue per
student that is expended to pay for security costs incurred by or on
behalf of any school in the district and the amount of revenue per
student that is expended to pay for special education programs
administered in the district in accordance with Chapter 29. Such a
district must take an action or combination of actions listed under
subsection (a) only if and to the extent that the new net wealth
level per student, as calculated in accordance with this
subsection, exceeds the equalized wealth level calculated in
Section 41.002.
SECTION 2. This Act takes effect September 1, 2013.