86R813 KKA-D
By: King of Hemphill H.B. No. 664
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. 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 not be required to pay a total amount for attendance
credits that exceeds the amount equal to 60 percent of the amount of
maintenance and operations tax revenue collected by the district
for the tax year that ends during the school year for which the
agreement is executed.
SECTION 2. This Act takes effect September 1, 2019.