By: Guillen H.B. No. 2764
A BILL TO BE ENTITLED
AN ACT
relating to reporting by the Texas Education Agency and the
comptroller on school finance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 48, Education Code, is
amended by adding Section 48.011 to read as follows:
Sec. 48.011. SCHOOL FINANCE REPORT. (a) Not later than
December 31, 2025, the agency and the comptroller shall jointly
prepare and submit to the legislature a report on school finance
since the state fiscal year beginning September 1, 1994.
(b) The report must include for each state fiscal year
covered by the report:
(1) the amount appropriated for school finance for
that fiscal year from each source of funding, including
differentiating:
(A) the amount collected from school districts
under Chapter 49 or former Chapter 41;
(B) amounts disbursed from the Foundation
Schools Program; and
(C) and amounts disbursed from the state general
fund;
(2) the items for which the money was spent,
including:
(A) administrative costs, both in total and
disaggregated by type of cost; and
(B) distribution to school districts and
open-enrollment charter schools;
(3) the amount, if any, transferred to or used for
another purpose, including each purpose for which the money was
transferred or used; and
(4) the amount, if any, not spent for that fiscal year
and retained by the agency.
(c) This section expires September 1, 2026.
SECTION 2. Section 48.273, Subchapter F, Chapter 48,
Education Code, is amended by adding Subsection (h) to read as
follows:
(h) All reporting pertaining to the Foundation School
Program and any other education funding shall, regardless of use,
reflect all funds collected under Chapter 49 or former Chapter 41 as
"local recapture funding" and be differentiated from "state
funding" in all reports.
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, 2025.