| 1 | 1 | | 85S12499 KKA-D |
|---|
| 2 | 2 | | By: King of Hemphill H.B. No. 383 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to a reduction of the amount required to be paid by certain |
|---|
| 8 | 8 | | school districts to achieve the equalized wealth level under the |
|---|
| 9 | 9 | | public school finance system. |
|---|
| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 11 | 11 | | SECTION 1. Subchapter D, Chapter 41, Education Code, is |
|---|
| 12 | 12 | | amended by adding Section 41.0933 to read as follows: |
|---|
| 13 | 13 | | Sec. 41.0933. REDUCTION FOR LOSS OF FORMER FUNDING. (a) |
|---|
| 14 | 14 | | This section applies only to a school district that for the current |
|---|
| 15 | 15 | | school year would have been entitled to receive additional state |
|---|
| 16 | 16 | | aid for tax reduction under Section 42.2516, as that section |
|---|
| 17 | 17 | | existed January 1, 2017. |
|---|
| 18 | 18 | | (b) Notwithstanding any other provision of this chapter, a |
|---|
| 19 | 19 | | school district that executes an agreement to purchase all |
|---|
| 20 | 20 | | attendance credits necessary to reduce the district's wealth per |
|---|
| 21 | 21 | | student to the equalized wealth level may reduce the total amount |
|---|
| 22 | 22 | | required to be paid for attendance credits under Section 41.093 for |
|---|
| 23 | 23 | | a school year by the amount of additional state aid for tax |
|---|
| 24 | 24 | | reduction that the district would have been entitled to receive for |
|---|
| 25 | 25 | | that school year under Section 42.2516, as that section existed |
|---|
| 26 | 26 | | January 1, 2017. |
|---|
| 27 | 27 | | (c) A reduction under Subsection (b) is in addition to any |
|---|
| 28 | 28 | | other reduction to which the district is entitled under this code. |
|---|
| 29 | 29 | | (d) In implementing this section, the commissioner shall |
|---|
| 30 | 30 | | make determinations regarding additional state aid for tax |
|---|
| 31 | 31 | | reduction under Section 42.2516, as that section existed January 1, |
|---|
| 32 | 32 | | 2017, using the percentage reduction for purposes of former Section |
|---|
| 33 | 33 | | 42.2516(i) specified by appropriation for the 2016-2017 school |
|---|
| 34 | 34 | | year. |
|---|
| 35 | 35 | | (e) This section expires September 1, 2019. |
|---|
| 36 | 36 | | SECTION 2. This Act takes effect September 1, 2017, if it |
|---|
| 37 | 37 | | receives a vote of two-thirds of all the members elected to each |
|---|
| 38 | 38 | | house, as provided by Section 39, Article III, Texas Constitution. |
|---|
| 39 | 39 | | If this Act does not receive the vote necessary for effect on that |
|---|
| 40 | 40 | | date, this Act takes effect on the 91st day after the last day of the |
|---|
| 41 | 41 | | legislative session. |
|---|