By: Hinojosa H.B. No. 3661
A BILL TO BE ENTITLED
AN ACT
relating to adjustments for school districts participating in
social security.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 41, Education Code, is
amended to read as follows:
Sec. 41.093. COST. (a) Subject to Subsection (b-1), the
cost of each credit is an amount equal to the greater of:
(1) the amount of the district's maintenance and
operations tax revenue per student in weighted average daily
attendance for the school year for which the contract is executed;
or
(2) the amount of the statewide district average of
maintenance and operations tax revenue per student in weighted
average daily attendance for the school year preceding the school
year for which the contract is executed.
(b) For purposes of this section, a school district's
maintenance and operations tax revenue does not include any amounts
paid into a tax increment fund under Chapter 311, Tax Code or the
amount the district is required to provide social security
coverage, as defined by Section 606.001, Government Code, for
district employees.