By: Ellis S.R. No. 1292
1-10 SECTION 31. Subsections (b), (c), and (d), Section 16.260,
1-11 Education Code, are amended to read as follows:
1-12 (b) Payments from the foundation school fund to each
1-13 category 1 school district shall be made as follows:
1-14 (1) 15 <21> percent of the yearly entitlement of the
1-15 district shall be paid in an installment <two equal installments>
1-16 to be made on or before the 25th day of September <and October> of
1-17 a fiscal year;
1-18 (2) 80 <57> percent of the yearly entitlement of the
1-19 district shall be paid in eight <six> equal installments to be made
1-20 on or before the 25th day of October, November, December, January,
1-21 <February,> March, May, June, and July; and
1-22 (3) five <22> percent of the yearly entitlement of the
1-23 district shall be paid in an installment <two equal installments>
1-24 to be made on or before the 25th day of February <April and May>.
1-25 (c) Payments from the foundation school fund to each
2-10 (3) 9.5 <seven> percent of the yearly entitlement of
2-11 the district shall be paid in an installment <two equal
2-12 installments> to be made on or before the 25th day of November
2-13 <January and February>;
2-14 (4) 7.5 <22> percent of the yearly entitlement of the
2-15 district shall be paid in an installment <two equal installments>
2-16 to be made on or before the 25th day of April <and May>; <and>
2-17 (5) five <12> percent of the yearly entitlement of the
2-18 district shall be paid in an installment <two equal installments>
2-19 to be made on or before the 25th day of May;
2-20 (6) 10 percent of the yearly entitlement of the
2-21 district shall be paid in an installment to be made on or before
2-22 the 25th day of June;
2-23 (7) 13 percent of the yearly entitlement of the
2-24 district shall be paid in an installment to be made on or before
2-25 the 25th day of July; and
2-26 (8) 15 percent of the yearly entitlement of the
3-10 district shall be paid in þ_an installment <six equal installments>
3-11 to be made on or before the 25th day of October <November,
3-12 December, March, June, July, and August>; and
3-13 (3) 20 <22> percent of the yearly entitlement of the
3-14 district shall be paid in an installment <two equal installments>
3-15 to be made on or before the 25th day of August <April and May>.
3-16 Explanation: This addition is necessary to enable the state
3-17 to accelerate payments from the foundation school fund.
3-18 2. Subdivision (4), Senate Rule 12.03, is suspended to
3-19 permit the committee to add Subsection (c) to Section 32 of the
3-20 bill, renumbered as Section 33, to read as follows:
3-21 (c) The change in law made by this Act in Section 16.260,
3-22 Education Code, prevails over any conflicting Act of the 74th
3-23 Legislature, Regular Session, 1995, including S.B. No. 1,
3-24 regardless of the relative dates of enactment.
3-25 Explanation: This addition is necessary for the preceding
3-26 addition, relating to distribution of the foundation school fund,