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.