By:  Sims                                             S.B. No. 1419
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the taxable value of property in certain school
    1-2  districts.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 16.252, Education Code, is amended by
    1-5  adding Subsection (f) to read as follows:
    1-6        (f)  For a school district that contracts for students
    1-7  residing in the district to be educated in another district as
    1-8  provided by Section 21.082 of this code, the taxable value of
    1-9  property in the district is considered to be the taxable value of
   1-10  property in the district determined under Section 11.86 of this
   1-11  code minus the taxable value of  property in the district that, if
   1-12  multiplied by the tax rate under this section, raises an amount of
   1-13  revenue equal to the total amount of tuition required to be paid
   1-14  for the district's students under Section 21.082(b) of this code.
   1-15  For a school district that contracts to educate students residing
   1-16  in another district as provided by Section 21.082 of this code, the
   1-17  taxable value of property in the district is considered to be the
   1-18  taxable value of property in the district determined under Section
   1-19  11.86 of this code plus the amount by which the taxable value of
   1-20  property is reduced under this subsection for the district sending
   1-21  students.  If a school district contracts with more than one other
   1-22  district to educate its students, the taxable value of property in
   1-23  each district receiving students shall be increased proportionately
   1-24  according to the percentage of those students that the district
    2-1  receives.
    2-2        SECTION 2.  Section 16.503, Education Code, is amended to
    2-3  read as follows:
    2-4        Sec. 16.503.  DEFINITION.  (a)  Except as provided by
    2-5  Subsection (b) of this section, in <In> this subchapter, "taxable
    2-6  value of property" is the value determined under Section 11.86 of
    2-7  this code.
    2-8        (b)  "Taxable value of property" in a district that contracts
    2-9  for students residing in the district to be educated in another
   2-10  district or in a district that contracts to educate students
   2-11  residing in another district, as provided by Section 21.082 of this
   2-12  code, is the value determined under Section 16.252(f) of this code.
   2-13        SECTION 3.  This Act applies beginning with the 1993-1994
   2-14  school year.
   2-15        SECTION 4.  The importance of this legislation and the
   2-16  crowded condition of the calendars in both houses create an
   2-17  emergency and an imperative public necessity that the
   2-18  constitutional rule requiring bills to be read on three several
   2-19  days in each house be suspended, and this rule is hereby suspended,
   2-20  and that this Act take effect and be in force from and after its
   2-21  passage, and it is so enacted.