85S12499 KKA-D
By: King of Hemphill H.B. No. 383
A BILL TO BE ENTITLED
AN ACT
relating to a reduction of the amount required to be paid by certain
school districts 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 LOSS OF FORMER FUNDING. (a)
This section applies only to a school district that for the current
school year would have been entitled to receive additional state
aid for tax reduction under Section 42.2516, as that section
existed January 1, 2017.
(b) 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 for
a school year by the amount of additional state aid for tax
reduction that the district would have been entitled to receive for
that school year under Section 42.2516, as that section existed
January 1, 2017.
(c) A reduction under Subsection (b) is in addition to any
other reduction to which the district is entitled under this code.
(d) In implementing this section, the commissioner shall
make determinations regarding additional state aid for tax
reduction under Section 42.2516, as that section existed January 1,
2017, using the percentage reduction for purposes of former Section
42.2516(i) specified by appropriation for the 2016-2017 school
year.
(e) This section expires September 1, 2019.
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.