85R6566 CAE-F
By: Campbell S.B. No. 457
A BILL TO BE ENTITLED
AN ACT
relating to funding for an open-enrollment charter school based on
the guaranteed level of state and local funds provided to school
districts through the existing debt allotment.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 12.106, Education Code, is amended by
adding Subsection (d) to read as follows:
(d) In addition to other amounts provided by this section, a
charter holder is entitled to receive, for the open-enrollment
charter school, funding per student in average daily attendance in
an amount equal to the guaranteed level of state and local funds per
student per cent of tax effort under Section 46.032(a) multiplied
by the state average interest and sinking fund tax rate imposed by
school districts for the current year.
SECTION 2. This Act takes effect September 1, 2017.