| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to a severance payment to a superintendent of a school |
|
|
district. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 11.201(c), Education Code, is amended to |
|
|
read as follows: |
|
|
(c) For purposes of this subsection, "severance payment" |
|
|
means any amount paid by the board of trustees of an independent |
|
|
school district to or in behalf of a superintendent on early |
|
|
termination of the superintendent's contract that exceeds the |
|
|
amount earned by the superintendent under the contract as of the |
|
|
date of termination, including any amount that exceeds the amount |
|
|
of earned standard salary and benefits that is paid as a condition |
|
|
of early termination of the contract. The board of trustees may not |
|
|
make a severance payment to a superintendent in an amount greater |
|
|
than six months' salary and benefits under the superintendent's |
|
|
terminated contract. The board of trustees that makes a severance |
|
|
payment to a superintendent shall report the terms of the severance |
|
|
payment to the commissioner. The commissioner shall reduce the |
|
|
district's Foundation School Program funds by any amount that the |
|
|
amount of the severance payment to the superintendent exceeds an |
|
|
amount equal to six months' [one year's] salary and benefits under |
|
|
the superintendent's terminated contract. The commissioner may |
|
|
adopt rules as necessary to administer this subsection. |
|
|
SECTION 2. Section 11.201(c), Education Code, as amended by |
|
|
this Act, applies only to a severance payment made by the board of |
|
|
trustees of an independent school district to a superintendent |
|
|
under an agreement entered into on or after the effective date of |
|
|
this Act. A severance payment made by the board of trustees of an |
|
|
independent school district to a superintendent under an agreement |
|
|
entered into before the effective date of this Act is governed by |
|
|
the law in effect at the time the agreement was made, and that law is |
|
|
continued in effect for that purpose. |
|
|
SECTION 3. This Act takes effect on the 91st day after the |
|
|
last day of the legislative session. |