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House Bill 1922 |
House Author: Kolkhorst et al. |
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Effective: 9-1-07 |
Senate Sponsor: Shapiro |
House Bill 1922 amends the Education Code to adjust the amount of state aid to which a school district is entitled to offset the loss of local revenue resulting from the tax rate reduction mandated by the 79th Texas Legislature, 3rd Called Session. The bill increases or decreases that additional entitlement for any given year by the difference between the amount of a district's new instructional facility allotment for that given year and its allotment, if any, in the year on which the additional state aid is based.
The bill also rolls forward the eligibility date for the Existing Debt Allotment program to provide state assistance for the payment of debt service on bonds for which a district either made payments during the 2006-2007 school year or levied taxes that same school year for payment on the bond's principal and interest.