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A BILL TO BE ENTITLED
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AN ACT
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relating to requiring the legislature to set the basic allotment |
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and guaranteed yield under the public school finance system at |
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certain amounts in the General Appropriations Act. |
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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 48.2511 to read as follows: |
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Sec. 48.2511. APPROPRIATION FOR PUBLIC EDUCATION. (a) In |
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each biennial General Appropriations Act, the legislature shall set |
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the basic allotment under Section 48.051 and the dollar amount |
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guaranteed level of state and local funds per weighted student per |
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cent of tax effort ("GL") under Section 48.202 for each state fiscal |
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year at: |
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(1) the amounts necessary for the amount of state |
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funds to which all school districts are jointly entitled under this |
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chapter, together with state funds to which all school districts |
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are jointly entitled for that state fiscal year under any other law |
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that provides funding for the general maintenance and operation of |
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the system of public free schools, to constitute, as determined by |
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the legislature, at least 50 percent of the cost of maintaining and |
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operating that system; or |
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(2) amounts greater than the amounts specified by |
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Subdivision (1). |
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(b) For purposes of calculating the amount of state funds |
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required under Subsection (a), the legislature may not consider |
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money that is attributable to an ad valorem tax imposed by a school |
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district on property located in the school district, including any |
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revenue the school district is required to transfer to the state to |
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reduce the school district's local revenue level in accordance with |
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Chapter 49. |
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SECTION 2. This Act takes effect December 1, 2023. |