By Gray                                                H.B. No. 290
       74R1065 CAS-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the cost of purchasing attendance credits for the
    1-3  purpose of equalizing wealth among school districts.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 36.093, Education Code, is amended to
    1-6  read as follows:
    1-7        Sec. 36.093.  Cost.  (a)  The cost of each credit is an
    1-8  amount equal to the greater of:
    1-9              (1)  the amount of the district's total tax revenue per
   1-10  weighted student in average daily attendance for the school year
   1-11  for which the contract is executed less the district's estimated
   1-12  cost of collecting that portion of tax revenue used to purchase
   1-13  attendance credits; or
   1-14              (2)  the amount of the statewide district average of
   1-15  total tax revenue per weighted student in average daily attendance
   1-16  for the school year preceding the school year for which the
   1-17  contract is executed less the district's estimated cost of
   1-18  collecting that portion of tax revenue used to purchase attendance
   1-19  credits.
   1-20        (b)  In this section, a school district's estimated cost of
   1-21  collecting the portion of tax revenue used to purchase attendance
   1-22  credits shall be computed in a manner determined by the
   1-23  commissioner of education that takes into account:
   1-24              (1)  the district's share of the budget of the
    2-1  appraisal district in which the district participates; and
    2-2              (2)  the district's costs in assessing and collecting
    2-3  the taxes.
    2-4        SECTION 2.  Section 36.093, Education Code, as amended by
    2-5  this Act, applies to the cost of purchasing attendance credits
    2-6  beginning with the 1996-1997 school year.
    2-7        SECTION 3.  The importance of this legislation and the
    2-8  crowded condition of the calendars in both houses create an
    2-9  emergency and an imperative public necessity that the
   2-10  constitutional rule requiring bills to be read on three several
   2-11  days in each house be suspended, and this rule is hereby suspended,
   2-12  and that this Act take effect and be in force from and after its
   2-13  passage, and it is so enacted.