85R1788 CAE-F By: Capriglione H.B. No. 1037 A BILL TO BE ENTITLED AN ACT relating to a transportation allotment credit for school districts required to take action to reduce wealth per student. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 42.155, Education Code, is amended by adding Subsection (m) to read as follows: (m) A school district that is required to take action under Chapter 41 to reduce its wealth per student to the equalized wealth level is entitled to a credit, in the amount of the allotments to which the district is entitled under this section, against the total amount required under Section 41.093 for the district to purchase attendance credits. The commissioner may adopt rules necessary to implement this subsection. SECTION 2. This Act takes effect September 1, 2017.