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