88R8513 DIO-D By: Jetton H.B. No. 2505 A BILL TO BE ENTITLED AN ACT relating to the adjustment of the public school financial accountability rating system for certain small and mid-sized school districts to account for the implementation of a local optional teacher designation system. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter D, Chapter 39, Education Code, is amended by adding Section 39.088 to read as follows: Sec. 39.088. LOCAL OPTIONAL TEACHER DESIGNATION SYSTEM IMPLEMENTATION ADJUSTMENT FOR FINANCIAL ACCOUNTABILITY. The commissioner shall adjust the financial accountability rating system under Section 39.082 for a school district entitled to an allotment under Section 48.101 to account for the impact of financial practices necessary to implement a local optional teacher designation system under Section 21.3521. 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.