85S10949 KKA-D
By: Meyer H.B. No. 224
A BILL TO BE ENTITLED
AN ACT
relating to a limitation on the amount of school property tax
revenue that is subject to recapture 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 41.0932 to read as follows:
Sec. 41.0932. LIMITATION ON TOTAL COST. (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:
(1) is entitled to retain maintenance and operations
tax revenue sufficient to pay the district's average maintenance
and operations costs per student in average daily attendance, as
determined under Subsection (b) and adjusted for inflation; and
(2) may not be required to pay a total amount for
attendance credits that would reduce the district's retained
maintenance and operations tax revenue below the amount described
by Subdivision (1).
(b) For purposes of Subsection (a)(1), the commissioner
shall determine a school district's average maintenance and
operations costs per student in average daily attendance based on
the district's maintenance and operations expenditures per student
in average daily attendance for the preceding three school years.
The commissioner shall adjust a district's average costs to reflect
inflation in a manner determined appropriate by the commissioner.
(c) A determination by the commissioner under this section
is final and may not be appealed.
(d) The commissioner shall adopt rules necessary to
implement this section.
SECTION 2. This Act takes effect September 1, 2017, if it
receives a vote of two-thirds of all the members elected to each
house, as provided by Section 39, Article III, Texas Constitution.
If this Act does not receive the vote necessary for effect on that
date, this Act takes effect on the 91st day after the last day of the
legislative session.