Texas 2019 - 86th Regular

Texas Senate Bill SB629 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Fallon S.B. No. 629
	2	+	(In the Senate - Filed February 4, 2019; March 1, 2019, read
	3	+	first time and referred to Committee on Education; May 1, 2019,
	4	+	reported adversely, with favorable Committee Substitute by the
	5	+	following vote: Yeas 10, Nays 1; May 1, 2019, sent to printer.)
	6	+	Click here to see the committee vote
	7	+	COMMITTEE SUBSTITUTE FOR S.B. No. 629 By: Fallon
2	8
3	9
4	10		A BILL TO BE ENTITLED
5	11		AN ACT
6	12		relating to the availability of certain school district or
7	13		open-enrollment charter school financial information on certain
8	14		districts' or schools' Internet websites.
9	15		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	16		SECTION 1. Chapter 44, Education Code, is amended by adding
11	17		Subchapter D to read as follows:
12	18		SUBCHAPTER D. FINANCIAL DISCLOSURE
13	19		Sec. 44.101. APPLICABILITY. This subchapter applies only
14	20		to:
15	21		(1) a school district that is ranked among the 50
16	22		highest in student enrollment, as determined by the commissioner;
17	23		and
18	24		(2) an open-enrollment charter school that is ranked
19	25		among the 10 highest in student enrollment, as determined by the
20	26		commissioner based on the aggregated student enrollment of all
21	27		campuses under the school's charter.
22	28		Sec. 44.102. FINANCIAL DISCLOSURE. (a) A school district
23	29		or open-enrollment charter school shall maintain on the district's
24	30		or school's Internet website an electronic database of district or
25	31		school finances. The database must include, if applicable:
26	32		(1) for the immediately preceding fiscal year:
27	33		(A) total expenditures as a dollar amount and a
28	34		dollar amount per student in average daily attendance;
29	35		(B) total revenue as a dollar amount and a dollar
30	36		amount per student in average daily attendance;
31	37		(C) total revenue from property taxes as a dollar
32	38		amount and a dollar amount per student in average daily attendance;
33	39		(D) the total number of full-time equivalent
34	40		positions for the district or school; and
35	41		(E) for a district subject to Chapter 41, any
36	42		amount expended by the district to purchase attendance credits in
37	43		an amount sufficient for the district to reduce the district's
38	44		wealth per student to the equalized wealth level;
39	45		(2) a graphical representation of the district's or
40	46		school's operating and debt service funds, including:
41	47		(A) the total budgeted allocation and per student
42	48		in average daily attendance allocation for the current school year,
43	49		separated by each applicable assigned:
44	50		(i) function code; and
45	51		(ii) object code determined by the
46	52		commissioner as a major object code; and
47	53		(B) the actual revenues and expenditures for each
48	54		of the four preceding fiscal years, separated by each applicable
49	55		assigned:
50	56		(i) function code; and
51	57		(ii) object code determined by the
52	58		commissioner as a major object code;
53	59		(3) the district's or school's annual financial report
54	60		for the preceding five fiscal years;
55	61		(4) in a searchable electronic format:
56	62		(A) the transaction register for each district or
57	63		school checking account, including for each check written from a
58	64		district or school checking account:
59	65		(i) the transaction amount;
60	66		(ii) the name of the payee;
61	67		(iii) the date the check was issued; and
62	68		(iv) a statement of the purpose of the
63	69		expenditure for which the check was written; and
64	70		(B) a governing board financial report, updated
65	71		at least quarterly, comparing revenues and expenditures with:
66	72		(i) the adopted and amended budget; and
67	73		(ii) revenues and expenditures from the
68	74		preceding fiscal year;
69	75		(5) a visualization chart depicting district or school
70	76		financial data trends for the preceding five fiscal years that
71	77		shows for each fiscal year:
72	78		(A) total expenditures per student in average
73	79		daily attendance;
74	80		(B) total revenue per student in average daily
75	81		attendance; and
76	82		(C) for a district, the district property tax
77	83		rate expressed in dollars per $100 valuation;
78	84		(6) contact information for the district or school and
79	85		members of the governing body of the district or school; and
80	86		(7) a link to a web page maintained by the district or
81	87		school that provides instructions for submitting a request for
82	88		information under Chapter 552, Government Code.
83	89		(b) The school district's or open-enrollment charter
84	90		school's annual financial report for the current fiscal year must
85	91		be posted not later than the first anniversary of the end of the
86	92		fiscal year.
87	93		(c) A school district or open-enrollment charter school
88	94		shall:
89	95		(1) update the electronic checking account
90	96		transaction register at least once each month, not later than the
91	97		30th day after the closing date of the most recent monthly statement
92	98		for the checking account;
93	99		(2) maintain each transaction or listing in the
94	100		electronic checking account transaction register on the district's
95	101		or school's Internet website until at least the third anniversary
96	102		of the date of the transaction or listing; and
97	103		(3) for each fiscal year that transactions and
98	104		listings are included in the electronic checking account
99	105		transaction register, group together the transactions and listings
100	106		by fiscal year.
101	107		SECTION 2. This Act takes effect September 1, 2020.
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