85R11530 KKA-D
By: Faircloth H.B. No. 4087
A BILL TO BE ENTITLED
AN ACT
relating to a reduction of the amount required to be paid by a
school district to achieve the equalized wealth level under the
public school finance system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 41, Education Code, is
amended by adding Section 41.0933 to read as follows:
Sec. 41.0933. REDUCTION FOR MAINTENANCE AND OPERATIONS
COSTS. (a) Notwithstanding any other provision of this chapter, a
school district that executes an agreement to purchase all
attendance credits necessary to reduce the district's wealth per
student to the equalized wealth level may reduce the total amount
required to be paid for attendance credits under Section 41.093 by
25 percent.
(b) A reduction under Subsection (a) shall be made after
making any reduction to which the district is entitled under
Section 41.0931, 41.097, or 41.098 or another provision of this
chapter.
(c) The district shall use amounts available to the district
as a result of this section to pay district maintenance and
operations costs.
SECTION 2. This Act takes effect September 1, 2017.