By Johnson H.B. No. 2876
74R7834 ESH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the adjustment of a school district's property values
1-3 for school funding purposes.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 16.252(e), Education Code, is amended to
1-6 read as follows:
1-7 (e) The commissioner of education shall hear appeals from
1-8 school districts which have experienced a <rapid> decline in tax
1-9 base used in calculating the local fund assignment<, exceeding
1-10 eight percent of prior year,> that is beyond the control of the
1-11 board of trustees of the district. The commissioner of education
1-12 may adjust the district's taxable values for local fund assignment
1-13 purposes for such losses in value <exceeding eight percent> and
1-14 thereby adjust the local fund assignment to reflect the local
1-15 current year taxable value. The decision of the commissioner of
1-16 education shall be final. An adjustment does not affect the local
1-17 fund assignment of any other school district. This subsection
1-18 shall apply to determinations by the commissioner in identifying
1-19 districts with wealth per student exceeding the equalized wealth
1-20 level pursuant to Section 36.004.
1-21 SECTION 2. This Act applies beginning with the 1995-1996
1-22 school year.
1-23 SECTION 3. The importance of this legislation and the
1-24 crowded condition of the calendars in both houses create an
2-1 emergency and an imperative public necessity that the
2-2 constitutional rule requiring bills to be read on three several
2-3 days in each house be suspended, and this rule is hereby suspended,
2-4 and that this Act take effect and be in force from and after its
2-5 passage, and it is so enacted.