Bill Text: TX HB1206 | 2023-2024 | 88th Legislature | Engrossed


Bill Title: Relating to a determination of a school district's assets to liabilities ratio under the public school financial accountability rating system.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Engrossed - Dead) 2023-05-18 - Left pending in committee [HB1206 Detail]

Download: Texas-2023-HB1206-Engrossed.html
  88R786 GCB-F
 
  By: Guillen, DeAyala 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.
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