84R3400 CAE-D
By: Giddings H.B. No. 1894
A BILL TO BE ENTITLED
AN ACT
relating to the balance maintained in a school district's general
fund and associated requirements regarding the general fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 39, Education Code, is
amended by adding Section 39.0822 to read as follows:
Sec. 39.0822. GENERAL FUND REQUIREMENTS. (a) The
commissioner by rule shall require each school district to:
(1) maintain a minimum balance in the district's
general fund; and
(2) publicly report each year the district's intended
use of general fund balances that exceed a specified percentage of
the district's annual operating expenditures.
(b) For purposes of Subsection (a)(1), the commissioner may
express the balance required as a percentage of a district's annual
operating expenditures or in another manner considered appropriate
by the commissioner. The commissioner may impose variable balance
requirements for school districts based on relevant school district
characteristics.
(c) Each school district board of trustees must adopt a
policy regarding the operation of the general fund and the minimum
balance to be maintained by the district.
SECTION 2. 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. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2015.