| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 86R813 KKA-D | |
| 2 | 2 | By: King of Hemphill H.B. No. 664 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to a limitation on the amount of school property tax | |
| 8 | 8 | revenue that is subject to recapture under the public school | |
| 9 | 9 | 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 41.0932 to read as follows: | |
| 13 | 13 | Sec. 41.0932. LIMITATION ON TOTAL COST. Notwithstanding | |
| 14 | 14 | any other provision of this chapter, a school district that | |
| 15 | 15 | executes an agreement to purchase all attendance credits necessary | |
| 16 | 16 | to reduce the district's wealth per student to the equalized wealth | |
| 17 | 17 | level may not be required to pay a total amount for attendance | |
| 18 | 18 | credits that exceeds the amount equal to 60 percent of the amount of | |
| 19 | 19 | maintenance and operations tax revenue collected by the district | |
| 20 | 20 | for the tax year that ends during the school year for which the | |
| 21 | 21 | agreement is executed. | |
| 22 | 22 | SECTION 2. This Act takes effect September 1, 2019. |