| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Thompson of Harris H.B. No. 3375 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to biennial projections of an equivalent equalized wealth | |
| 7 | 7 | level and equalized funding elements. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. S | |
| 10 | 10 | ection 42.2541, Education Code, is added to | |
| 11 | 11 | read as follows: | |
| 12 | 12 | Sec. 42.2541. ESTIMATED PROJECTIONS. Not later than 30 days | |
| 13 | 13 | after submission of estimates under Section 42.254, the agency | |
| 14 | 14 | shall submit to the legislature projections for an equivalent | |
| 15 | 15 | equalized wealth level for the following biennium that is | |
| 16 | 16 | commensurate with the comptroller’s estimate of any increase in | |
| 17 | 17 | total taxable value of all property in the state under Section | |
| 18 | 18 | 42.254(a)(2) and the agency’s estimates of student enrollment under | |
| 19 | 19 | Section 42.254(a)(1). The agency also shall provide projections | |
| 20 | 20 | for equalized funding elements under Section 42.007 for the | |
| 21 | 21 | following biennium commensurate with estimates under Section | |
| 22 | 22 | 42.254. | |
| 23 | 23 | SECTION 2. This Act takes effect September 1, 2017. |