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Senate Bill 758 |
Senate Author: Williams |
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Effective: 6-14-13 |
House Sponsor: Pitts et al. |
Senate Bill 758 amends the Education Code to revert payment of the final installment of each category 2 and category 3 school district's yearly entitlement from the foundation school fund to the previous schedule and require payment of that final installment on or before August 25 rather than after September 5 but not later than September 10, with a one-time exception for the 2013 state fiscal year when the final installment must be paid on or before August 30. The bill amends the Government Code to require the comptroller of public accounts' transfer of funds from the state lottery account to the foundation school fund to occur before the August installment payments from the foundation school fund are made to each category 2 and category 3 school district.