| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the basic allotment and the equalized wealth level |
|
|
under the Foundation School Program. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 42.101(a), Education Code, as effective |
|
|
until September 1, 2015, is amended to read as follows: |
|
|
(a) The basic allotment is an amount equal to the lesser of |
|
|
$5,500 [$4,765] or the amount that results from the following |
|
|
formula: |
|
|
A = $5,500 [$4,765] X (DCR/MCR) |
|
|
where: |
|
|
"A" is the resulting amount for a district; |
|
|
"DCR" is the district's compressed tax rate, which is the |
|
|
product of the state compression percentage, as determined under |
|
|
Section 42.2516, multiplied by the maintenance and operations tax |
|
|
rate adopted by the district for the 2005 tax year; and |
|
|
"MCR" is the state maximum compressed tax rate, which is the |
|
|
product of the state compression percentage, as determined under |
|
|
Section 42.2516, multiplied by $1.50. |
|
|
SECTION 2. Section 42.101(a), Education Code, as effective |
|
|
September 1, 2015, is amended to read as follows: |
|
|
(a) For each student in average daily attendance, not |
|
|
including the time students spend each day in special education |
|
|
programs in an instructional arrangement other than mainstream or |
|
|
career and technology education programs, for which an additional |
|
|
allotment is made under Subchapter C, a district is entitled to an |
|
|
allotment equal to the lesser of $5,500 [$4,765] or the amount that |
|
|
results from the following formula: |
|
|
A = $5,500 [$4,765] X (DCR/MCR) |
|
|
where: |
|
|
"A" is the allotment to which a district is entitled; |
|
|
"DCR" is the district's compressed tax rate, which is the |
|
|
product of the state compression percentage, as determined under |
|
|
Section 42.2516, multiplied by the maintenance and operations tax |
|
|
rate adopted by the district for the 2005 tax year; and |
|
|
"MCR" is the state maximum compressed tax rate, which is the |
|
|
product of the state compression percentage, as determined under |
|
|
Section 42.2516, multiplied by $1.50. |
|
|
SECTION 3. This Act takes effect September 1, 2013. |