Bill Text: TX HB3028 | 2023-2024 | 88th Legislature | Engrossed
Bill Title: Relating to a credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: (Engrossed - Dead) 2023-05-09 - Referred to Education [HB3028 Detail]
Download: Texas-2023-HB3028-Engrossed.html
| 88R15763 MEW-D | ||
| By: Meyer, Howard, Leach, Anchía, Shaheen, | H.B. No. 3028 | |
| et al. | ||
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| relating to a credit for prepayment of the amount required to be | ||
| paid by a school district for the purchase of attendance credit | ||
| 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 49.1541 to read as follows: | ||
| Sec. 49.1541. CREDIT FOR PREPAYMENT. (a) The total amount | ||
| required under Section 49.153 for a school district to purchase | ||
| attendance credit under this subchapter for any school year is | ||
| reduced by four percent if the district: | ||
| (1) elects to pay for credit purchased in the manner | ||
| provided by Section 49.154(a)(2); and | ||
| (2) pays the total amount required to be paid by the | ||
| district not later than February 15 of the school year for which the | ||
| agreement is in effect. | ||
| (b) A reduction under Subsection (a) 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. | ||
