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A BILL TO BE ENTITLED
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AN ACT
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relating to a reduction of the amount required to be paid by certain |
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school districts to achieve the equalized wealth level under the |
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public school finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 41, Education Code, is |
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amended by adding Section 41.0933 to read as follows: |
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Sec. 41.0933. REDUCTION FOR MAINTENANCE AND OPERATIONS |
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COSTS. (a) This section applies only to a school district in which |
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at least 65 percent of the enrolled students are educationally |
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disadvantaged or at risk of dropping out of school, as defined by |
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Section 29.081(d). |
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(b) Notwithstanding any other provision of this chapter, a |
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school district to which this section applies that executes an |
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agreement to purchase all attendance credits necessary to reduce |
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the district's wealth per student to the equalized wealth level may |
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reduce the total amount required to be paid for attendance credits |
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under Section 41.093 by 25 percent. |
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(c) A reduction under Subsection (b) shall be made after |
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making any reduction to which the district is entitled under |
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Section 41.0931, 41.097, or 41.098 or another provision of this |
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chapter. |
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(d) The district shall use amounts available to the district |
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as a result of this section to pay district maintenance and |
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operations costs. |
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SECTION 2. This Act takes effect September 1, 2017, if this |
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Act receives a vote of two-thirds of all the members elected to each |
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house, as provided by Section 39, Article III, Texas Constitution. |
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If this Act does not receive the vote necessary for effect on that |
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date, this Act takes effect on the 91st day after the last day of the |
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legislative session. |