By: Paxton S.B. No. 1750 (In the Senate - Filed February 28, 2025; March 13, 2025, read first time and referred to Committee on Education K-16; April 7, 2025, reported adversely, with favorable Committee Substitute by the following vote: Yeas 9, Nays 0, one present not voting; April 7, 2025, sent to printer.) Click here to see the committee vote COMMITTEE SUBSTITUTE FOR S.B. No. 1750 By: Bettencourt A BILL TO BE ENTITLED AN ACT relating to instructional facilities funding for certain open-enrollment charter schools. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 12.106, Education Code, is amended by amending Subsections (d) and (f) and adding Subsection (e-1) to read as follows: (d) Subject to Subsections [Subsection] (e) and (e-1), in addition to other amounts provided by this section, a charter holder is entitled to receive, for the open-enrollment charter school, an annual allotment [funding] per student in average daily attendance [in an amount] equal to [the guaranteed level of state and local funds per student per cent of tax effort under Section 46.032(a) multiplied by] the lesser of: (1) the state average interest and sinking fund tax rate imposed by school districts for the current year multiplied by the guaranteed level of state and local funds per student per cent of tax effort under Section 46.032(a); or (2) the maximum amount of the basic allotment provided under Section 48.051 for the applicable school year multiplied by 0.06 [a rate that would result in a total amount to which charter schools are entitled under this subsection for the current year equal to $60 million]. (e-1) A charter holder is entitled to receive funding under Subsection (d) for an open-enrollment charter school only if the governing body of the school annually certifies in writing to the agency that no administrator, officer, or employee of the school and no member of the governing body of the school or its charter holder derives any personal financial benefit from a real estate transaction with the school. (f) Funds received by a charter holder under Subsection (d) may only be used: (1) to lease an instructional facility; (2) to pay property taxes imposed on an instructional facility; (3) to pay debt service on bonds issued to finance an instructional facility; [or] (4) for any other purpose related to the purchase, lease, sale, acquisition, or maintenance of an instructional facility; (5) to purchase or pay debt service on bonds issued to finance the purchase of school buses; (6) to purchase or pay debt service on bonds issued to finance the acquisition or update of technology equipment used to support instruction; (7) to pay debt service on bonds issued to improve school safety and security in accordance with the requirements of Section 37.351; or (8) to pay debt service on bonds issued to finance the construction, acquisition, or equipment of performing arts facilities or athletic facilities, other than a stadium with seating capacity for more than 1,000 spectators. SECTION 2. This Act takes effect September 1, 2025. * * * * *