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.