By Rosson S.B. No. 174
74R2675 CAS-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the investment capital fund.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 11.2092(e), Education Code, is amended to
1-5 read as follows:
1-6 (e) The commissioner of education may make a grant of up to
1-7 $50,000 <$25,000> each academic year to an eligible school. Campus
1-8 administration personnel of a school that receives a grant under
1-9 this section are accountable to the commissioner of education and
1-10 must demonstrate:
1-11 (1) the responsible use of the grant to achieve campus
1-12 deregulation and restructuring to improve academic performance; and
1-13 (2) a comprehensive plan to engage in on-going
1-14 development and training of teachers, parents, and community
1-15 leaders to:
1-16 (A) understand academic standards;
1-17 (B) develop effective strategies to improve
1-18 academic performance; and
1-19 (C) organize a large constituency of parents and
1-20 community leaders to hold the school and school district
1-21 accountable to achieve high academic standards; and
1-22 (3) on-going progress in achieving higher academic
1-23 performance.
1-24 SECTION 2. Section 16.152(m), Education Code, as added by
2-1 Chapter 907, Acts of the 73rd Legislature, Regular Session, 1993,
2-2 is amended to read as follows:
2-3 (m) From the total amount of funds appropriated for
2-4 allotments under this section, the commissioner of education shall,
2-5 each fiscal year, withhold the amount of $5 million <$1 million>
2-6 for transfer to the investment capital fund under Section 11.2092
2-7 of this code.
2-8 SECTION 3. The importance of this legislation and the
2-9 crowded condition of the calendars in both houses create an
2-10 emergency and an imperative public necessity that the
2-11 constitutional rule requiring bills to be read on three several
2-12 days in each house be suspended, and this rule is hereby suspended,
2-13 and that this Act take effect and be in force from and after its
2-14 passage, and it is so enacted.