Texas 2019 - 86th Regular

Texas House Bill HB3915 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	86R13968 GCB-D
2	2	By: Calanni H.B. No. 3915
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the guaranteed yield and the school facilities
8	8	allotment under the Foundation School Program and to a school
9	9	district's rollback tax rate for the 2019 tax year.
10	10	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 42.302(a-1), Education Code, is amended
12	12	to read as follows:
13	13	(a-1) For purposes of Subsection (a), the dollar amount
14	14	guaranteed level of state and local funds per weighted student per
15	15	cent of tax effort ("GL") for a school district is:
16	16	(1) the greater of the amount of district tax revenue
17	17	per weighted student per cent of tax effort that would be available
18	18	to the Austin Independent School District, as determined by the
19	19	commissioner in cooperation with the Legislative Budget Board, if
20	20	the reduction of the limitation on tax increases as provided by
21	21	Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the
22	22	amount of district tax revenue per weighted student per cent of tax
23	23	effort used for purposes of this subdivision in the preceding
24	24	school year, for the first six cents by which the district's
25	25	maintenance and operations tax rate exceeds the rate equal to the
26	26	sum of the product of the state compression percentage, as
27	27	determined under Section 42.2516, multiplied by the maintenance and
28	28	operations tax rate adopted by the district for the 2005 tax year
29	29	and any additional tax effort included in calculating the
30	30	district's compressed tax rate under Section 42.101(a-1); and
31	31	(2) the amount of district tax revenue per weighted
32	32	student per cent of tax effort available to a district with
33	33	maintenance and operations tax revenue per cent of tax effort equal
34	34	to the maximum amount provided per cent under Section 42.101(a) or
35	35	(b) [$31.95], for the district's maintenance and operations tax
36	36	effort that exceeds the amount of tax effort described by
37	37	Subdivision (1).
38	38	SECTION 2. Section 46.003(a), Education Code, is amended to
39	39	read as follows:
40	40	(a) For each year, except as provided by Sections 46.005 and
41	41	46.006, a school district is guaranteed a specified amount per
42	42	student in state and local funds for each cent of tax effort, up to
43	43	the maximum rate under Subsection (b), to pay the principal of and
44	44	interest on eligible bonds issued to construct, acquire, renovate,
45	45	or improve an instructional facility. The amount of state support
46	46	is determined by the formula:
47	47	FYA = (FYL X WADA [ADA] X BTR X 100) - (BTR X (DPV/100))
48	48	where:
49	49	"FYA" is the guaranteed facilities yield amount of state
50	50	funds allocated to the district for the year;
51	51	"FYL" is the dollar amount guaranteed level of state and
52	52	local funds per student per cent of tax effort, which is the amount
53	53	of district tax revenue per weighted student per cent of tax effort
54	54	available to a district with maintenance and operations tax revenue
55	55	per cent of tax effort equal to the maximum amount provided per cent
56	56	under Section 42.101(a) or (b) [$35 or a greater amount for any year
57	57	provided by appropriation];
58	58	"WADA" ["ADA"] is the greater of the number of students in
59	59	weighted average daily attendance, as defined by Section 42.302
60	60	[determined under Section 42.005], in the district or 400;
61	61	"BTR" is the district's bond tax rate for the current year,
62	62	which is determined by dividing the amount budgeted by the district
63	63	for payment of eligible bonds by the quotient of the district's
64	64	taxable value of property as determined under Subchapter M, Chapter
65	65	403, Government Code, or, if applicable, Section 42.2521, divided
66	66	by 100; and
67	67	"DPV" is the district's taxable value of property as
68	68	determined under Subchapter M, Chapter 403, Government Code, or, if
69	69	applicable, Section 42.2521.
70	70	SECTION 3. Section 46.032(a), Education Code, is amended to
71	71	read as follows:
72	72	(a) Each school district is guaranteed a specified amount
73	73	per student in state and local funds for each cent of tax effort to
74	74	pay the principal of and interest on eligible bonds. The amount of
75	75	state support, subject only to the maximum amount under Section
76	76	46.034, is determined by the formula:
77	77	EDA = (EDGL X WADA [ADA] X EDTR X 100) - (EDTR X (DPV/100))
78	78	where:
79	79	"EDA" is the amount of state funds to be allocated to the
80	80	district for assistance with existing debt;
81	81	"EDGL" is the dollar amount guaranteed level of state and
82	82	local funds per student per cent of tax effort, which is the amount
83	83	of district tax revenue per weighted student per cent of tax effort
84	84	available to a district with maintenance and operations tax revenue
85	85	per cent of tax effort equal to the maximum amount provided per cent
86	86	under Section 42.101(a) or (b) [the lesser of:
87	87	[(1) $40 or a greater amount for any year provided by
88	88	appropriation; or
89	89	[(2) the amount that would result in a total
90	90	additional amount of state funds under this subchapter for the
91	91	current year equal to $60 million in excess of the state funds to
92	92	which school districts would have been entitled under this section
93	93	if the guaranteed level amount were $35];
94	94	"WADA" ["ADA"] is the number of students in weighted average
95	95	daily attendance, as defined by Section 42.302 [determined under
96	96	Section 42.005], in the district;
97	97	"EDTR" is the existing debt tax rate of the district, which is
98	98	determined by dividing the amount budgeted by the district for
99	99	payment of eligible bonds by the quotient of the district's taxable
100	100	value of property as determined under Subchapter M, Chapter 403,
101	101	Government Code, or, if applicable, under Section 42.2521, divided
102	102	by 100; and
103	103	"DPV" is the district's taxable value of property as
104	104	determined under Subchapter M, Chapter 403, Government Code, or, if
105	105	applicable, under Section 42.2521.
106	106	SECTION 4. Section 26.08, Tax Code, is amended by adding
107	107	Subsection (i-1) to read as follows:
108	108	(i-1) For purposes of Subsection (i), any change from the
109	109	preceding school year to the current school year in the amount of
110	110	state funds distributed to a school district under the guaranteed
111	111	yield allotment under Section 42.302, Education Code, is not
112	112	considered to be a change in a funding element for Chapter 42,
113	113	Education Code. The amount of state funds distributed under
114	114	Chapter 42, Education Code, and maintenance and operations taxes of
115	115	the district per student in weighted average daily attendance for
116	116	that school year that would have been available to the district in
117	117	the preceding year if the funding elements for Chapters 41 and 42,
118	118	Education Code, for the current year had been in effect for the
119	119	preceding year is computed on the basis of the amount actually
120	120	distributed under the guaranteed yield allotment under Section
121	121	42.302, Education Code, in the preceding school year. This
122	122	subsection expires December 31, 2019.
123	123	SECTION 5. Section 26.08(i-1), Tax Code, as added by this
124	124	Act, applies to the ad valorem tax rate of a school district only
125	125	for the 2019 tax year.
126	126	SECTION 6. This Act takes effect September 1, 2019.