By Shapiro S.B. No. 719
74R5038 ESH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the limit on school district tax rates.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Sections 20.09(a) and (c), Education Code, are
1-5 amended to read as follows:
1-6 (a) A <Except as provided by Subsections (c) and (d) and
1-7 unless specifically approved in an election called for that
1-8 purpose, a> school district may not impose a maintenance <total>
1-9 tax rate on the $100 valuation of taxable property that exceeds an
1-10 effective tax rate of $1.50.
1-11 (c) In this section, "effective tax rate" means the rate
1-12 determined by dividing the total amount of maintenance taxes
1-13 collected by a school district by the quotient of the district's
1-14 taxable value of property as determined under Section 11.86 divided
1-15 by 100. <The portion of the total tax rate required to collect the
1-16 taxes pledged and levied for the payment of principal and interest
1-17 on debt authorized to be issued by an election held on or before
1-18 April 1, 1991, and issued before September 1, 1992, is not subject
1-19 to the tax limitation under Subsection (a) of this section.>
1-20 SECTION 2. Section 20.09(d), Education Code, is repealed.
1-21 SECTION 3. This Act takes effect September 1, 1995.
1-22 SECTION 4. The importance of this legislation and the
1-23 crowded condition of the calendars in both houses create an
1-24 emergency and an imperative public necessity that the
2-1 constitutional rule requiring bills to be read on three several
2-2 days in each house be suspended, and this rule is hereby suspended.