Bill Text: TX HB383 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Relating to a reduction of the amount required to be paid by certain school districts to achieve the equalized wealth level under the public school finance system.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-08-07 - Referred to Public Education [HB383 Detail]
Download: Texas-2017-HB383-Introduced.html
| 85S12499 KKA-D | ||
| By: King of Hemphill | H.B. No. 383 | |
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| relating to a reduction of the amount required to be paid by certain | ||
| school districts to achieve the equalized wealth level under the | ||
| public school finance system. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter D, Chapter 41, Education Code, is | ||
| amended by adding Section 41.0933 to read as follows: | ||
| Sec. 41.0933. REDUCTION FOR LOSS OF FORMER FUNDING. (a) | ||
| This section applies only to a school district that for the current | ||
| school year would have been entitled to receive additional state | ||
| aid for tax reduction under Section 42.2516, as that section | ||
| existed January 1, 2017. | ||
| (b) Notwithstanding any other provision of this chapter, a | ||
| school district that executes an agreement to purchase all | ||
| attendance credits necessary to reduce the district's wealth per | ||
| student to the equalized wealth level may reduce the total amount | ||
| required to be paid for attendance credits under Section 41.093 for | ||
| a school year by the amount of additional state aid for tax | ||
| reduction that the district would have been entitled to receive for | ||
| that school year under Section 42.2516, as that section existed | ||
| January 1, 2017. | ||
| (c) A reduction under Subsection (b) is in addition to any | ||
| other reduction to which the district is entitled under this code. | ||
| (d) In implementing this section, the commissioner shall | ||
| make determinations regarding additional state aid for tax | ||
| reduction under Section 42.2516, as that section existed January 1, | ||
| 2017, using the percentage reduction for purposes of former Section | ||
| 42.2516(i) specified by appropriation for the 2016-2017 school | ||
| year. | ||
| (e) This section expires September 1, 2019. | ||
| SECTION 2. This Act takes effect September 1, 2017, 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 effect on that | ||
| date, this Act takes effect on the 91st day after the last day of the | ||
| legislative session. | ||
