By Madden                                             H.B. No. 1855
       74R6612 CAS-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the taxable value of property in certain school
    1-3  districts.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 16.252, Education Code, is amended by
    1-6  adding Subsection (f) to read as follows:
    1-7        (f)  For a school district that contracts for students
    1-8  residing in the district to be educated in another district under
    1-9  Section 21.082, the taxable value of property in the district for
   1-10  purposes of this section is considered to be the taxable value of
   1-11  property in the district determined under Section 11.86 minus the
   1-12  taxable value of  property in the district that, if multiplied by
   1-13  the tax rate under this section, raises an amount of revenue equal
   1-14  to the total amount of tuition required to be paid for the
   1-15  district's students under Section 21.082(b).
   1-16        SECTION 2.  This Act applies beginning with the 1995-1996
   1-17  school year.
   1-18        SECTION 3.  The importance of this legislation and the
   1-19  crowded condition of the calendars in both houses create an
   1-20  emergency and an imperative public necessity that the
   1-21  constitutional rule requiring bills to be read on three several
   1-22  days in each house be suspended, and this rule is hereby suspended,
   1-23  and that this Act take effect and be in force from and after its
   1-24  passage, and it is so enacted.