88R786 GCB-F
By: Guillen H.B. No. 1206
A BILL TO BE ENTITLED
AN ACT
relating to a determination of a school district's assets to
liabilities ratio under the public school financial accountability
rating system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 39.082(c), Education Code, is amended to
read as follows:
(c) The system may not include an indicator under Subsection
(b) or any other performance measure that:
(1) requires a school district to spend at least 65
percent or any other specified percentage of district operating
funds for instructional purposes; [or]
(2) lowers the financial management performance
rating of a school district for failure to spend at least 65 percent
or any other specified percentage of district operating funds for
instructional purposes; or
(3) for a school district required to reduce its local
revenue level under Section 48.257, includes in determining the
district's ratio of assets to liabilities any amount required to be
expended by the district to comply with Chapter 49.
SECTION 2. This Act applies beginning with the 2023-2024
school year.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2023.