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A BILL TO BE ENTITLED
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AN ACT
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relating to the establishment of a property value study hardship |
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grant program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter F, Chapter 48, Education Code, is |
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amended by adding Section 48.282 to read as follows: |
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Sec. 48.282. PROPERTY VALUE STUDY HARDSHIP GRANTS. (a) For |
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the 2025-2026 and 2026-2027 school years, from money appropriated |
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for purposes of this section, the commissioner may administer a |
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grant program to provide grants to eligible school districts to |
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offset a reduction in the district's funding under the Foundation |
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School Program resulting from the use of the state value for the |
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district's taxable value of property as provided by Section |
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403.302(c), Government Code, for the 2024 and 2025 tax years. |
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(b) The amount of a grant awarded under this section is the |
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difference, if that difference is greater than zero, between: |
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(1) the funding the school district would have |
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received under Chapter 46, this chapter, and Chapter 49 for the |
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applicable school year if the local value for the district's |
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taxable value of property was used for the applicable tax year; and |
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(2) the funding to which the district is entitled |
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under Chapter 46, this chapter, and Chapter 49 for the applicable |
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school year. |
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(c) An open-enrollment charter school is not eligible to |
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receive a grant under this section. |
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(d) Funding provided to a school district under this section |
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is in addition to all other funding provided under Chapter 46, this |
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chapter, and Chapter 49. |
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(e) The commissioner may require a school district to |
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submit, or request from a state agency or a political subdivision of |
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this state, additional information as needed to make a |
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determination under this section. |
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(f) The total amount of grants awarded under this section |
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for a school year may not exceed $175 million. |
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(g) In awarding grants under this section, the commissioner |
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shall prioritize school districts experiencing the greatest |
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percentage reduction in funding described by Subsection (a). |
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(h) The commissioner may not adjust the amount of a grant |
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awarded under this section based on data revisions received after |
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the grant has been awarded. |
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(i) A determination by the commissioner under this section |
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is final and may not be appealed. |
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(j) This section expires September 1, 2027. |
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SECTION 2. This Act takes effect September 1, 2025. |