83R6852 KKA-D
By: Davis S.B. No. 1047
A BILL TO BE ENTITLED
AN ACT
relating to the basic allotment and the equalized wealth level
under the Foundation School Program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 42.101(a), Education Code, as effective
until September 1, 2015, is amended to read as follows:
(a) The basic allotment is an amount equal to the lesser of
$5,500 [$4,765] or the amount that results from the following
formula:
A = $5,500 [$4,765] X (DCR/MCR)
where:
"A" is the resulting amount for a district;
"DCR" is the district's compressed tax rate, which is the
product of the state compression percentage, as determined under
Section 42.2516, multiplied by the maintenance and operations tax
rate adopted by the district for the 2005 tax year; and
"MCR" is the state maximum compressed tax rate, which is the
product of the state compression percentage, as determined under
Section 42.2516, multiplied by $1.50.
SECTION 2. Section 42.101(a), Education Code, as effective
September 1, 2015, is amended to read as follows:
(a) For each student in average daily attendance, not
including the time students spend each day in special education
programs in an instructional arrangement other than mainstream or
career and technology education programs, for which an additional
allotment is made under Subchapter C, a district is entitled to an
allotment equal to the lesser of $5,500 [$4,765] or the amount that
results from the following formula:
A = $5,500 [$4,765] X (DCR/MCR)
where:
"A" is the allotment to which a district is entitled;
"DCR" is the district's compressed tax rate, which is the
product of the state compression percentage, as determined under
Section 42.2516, multiplied by the maintenance and operations tax
rate adopted by the district for the 2005 tax year; and
"MCR" is the state maximum compressed tax rate, which is the
product of the state compression percentage, as determined under
Section 42.2516, multiplied by $1.50.
SECTION 3. This Act takes effect September 1, 2013.