86R2954 MEW-D
By: Geren H.B. No. 462
A BILL TO BE ENTITLED
AN ACT
relating to the basic allotment and guaranteed yield under the
public school finance system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter E, Chapter 42, Education Code, is
amended by adding Section 42.25191 to read as follows:
Sec. 42.25191. APPROPRIATION FOR PUBLIC EDUCATION. In each
biennial General Appropriations Act, the legislature shall set the
basic allotment under Section 42.101 and the dollar amount
guaranteed level of state and local funds per weighted student per
cent of tax effort ("GL") under Section 42.302 for each state fiscal
year at:
(1) the amounts necessary for the amount of state
funds to which all school districts are jointly entitled under this
chapter, together with state funds to which all school districts
are jointly entitled for that state fiscal year under any other law
that provides funding for the general maintenance and operation of
the system of public free schools, to comply with the minimum
requirement of Section 1, Article VII, Texas Constitution; or
(2) amounts greater than the amounts specified by
Subdivision (1).
SECTION 2. This Act takes effect September 1, 2020, but only
if the constitutional amendment proposed by the 86th Legislature,
Regular Session, 2019, requiring the state to pay at least 50
percent of the cost of maintaining and operating the public school
system and prohibiting the comptroller from certifying legislation
containing an appropriation for public education unless the
requirement is met, is approved by the voters. If that amendment is
not approved by the voters, this Act has no effect.