| 1 | 1 | | 84R9509 JSL-D |
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| 2 | 2 | | By: Meyer H.B. No. 3247 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the adjustment under the public school finance system |
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| 8 | 8 | | for optional homestead exemptions granted by public school |
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| 9 | 9 | | districts. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Sections 42.2522(a) and (d), Education Code, are |
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| 12 | 12 | | amended to read as follows: |
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| 13 | 13 | | (a) In any school year, the commissioner shall [may not] |
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| 14 | 14 | | provide funding under this chapter based on a school district's |
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| 15 | 15 | | taxable value of property computed in accordance with Section |
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| 16 | 16 | | 403.302(d)(2), Government Code, but only if [unless]: |
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| 17 | 17 | | (1) funds are specifically appropriated for purposes |
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| 18 | 18 | | of this section; or |
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| 19 | 19 | | (2) the commissioner determines that the total amount |
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| 20 | 20 | | of state funds appropriated for purposes of the Foundation School |
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| 21 | 21 | | Program for the school year exceeds the amount of state funds |
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| 22 | 22 | | distributed to school districts in accordance with Section 42.253 |
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| 23 | 23 | | based on the taxable values of property in school districts |
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| 24 | 24 | | computed in accordance with Section 403.302(d), Government Code, |
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| 25 | 25 | | without any deduction for residence homestead exemptions granted |
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| 26 | 26 | | under Section 11.13(n), Tax Code. |
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| 27 | 27 | | (d) If the commissioner determines that the amount of funds |
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| 28 | 28 | | available under Subsection (a)(1) or (2) does not at least equal the |
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| 29 | 29 | | total amount of state funding to which districts would be entitled |
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| 30 | 30 | | if state funding under this chapter were based on the taxable values |
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| 31 | 31 | | of property in school districts computed in accordance with Section |
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| 32 | 32 | | 403.302(d)(2), Government Code, the commissioner shall [may, to the |
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| 33 | 33 | | extent necessary,] provide state funding based on a uniform lesser |
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| 34 | 34 | | fraction of the deduction under Section 403.302(d)(2), Government |
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| 35 | 35 | | Code. |
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| 36 | 36 | | SECTION 2. This Act takes effect September 1, 2015. |
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