Bill Text: TX HB2994 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to a credit against required recapture payments for certain school districts with excess facilities costs under the public school finance system.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-14 - Referred to Public Education [HB2994 Detail]
Download: Texas-2023-HB2994-Introduced.html
88R9802 KJE-D | ||
By: Hunter | H.B. No. 2994 |
|
||
|
||
relating to a credit against required recapture payments for | ||
certain school districts with excess facilities costs under the | ||
public school finance system. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter D, Chapter 49, Education Code, is | ||
amended by adding Section 49.1571 to read as follows: | ||
Sec. 49.1571. CREDIT FOR CERTAIN FACILITIES COSTS. (a) | ||
This section applies only to a school district located in a county | ||
that borders on the Gulf of Mexico. | ||
(b) The total amount required under Section 49.153 for a | ||
school district to which this section applies to purchase | ||
attendance credit under this subchapter for any school year is | ||
reduced by an amount equal to the amount of money spent by the | ||
district in the preceding school year to: | ||
(1) perform necessary facility maintenance, | ||
renovations, and repairs attributable to damage resulting from | ||
natural conditions associated with the facility's proximity to the | ||
Gulf of Mexico; and | ||
(2) pay for property insurance to cover the costs of | ||
facility maintenance, renovations, and repairs described by | ||
Subdivision (1). | ||
(c) A reduction under Subsection (b) shall be made after | ||
making any reduction to which the district is entitled under | ||
Section 49.157 or another provision of this chapter. | ||
SECTION 2. This Act takes effect September 1, 2023. |