By Luna S.B. No. 659
75R6376 ESH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the guaranteed yield amount of state funds under the
1-3 foundation school program.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 42.302(a), Education Code, is amended to
1-6 read as follows:
1-7 (a) Each school district is guaranteed a specified amount
1-8 per weighted student in state and local funds for each cent of tax
1-9 effort over that required for the district's local fund assignment
1-10 up to the maximum level specified in this subchapter. The amount
1-11 of state support, subject only to the maximum amount under Section
1-12 42.303, is determined by the formula:
1-14 where:
1-15 "GYA" is the guaranteed yield amount of state funds to be
1-16 allocated to the district;
1-17 "GL" is the dollar amount guaranteed level of state and local
1-18 funds per weighted student per cent of tax effort, which is $21
1-19 [$20.55] or a greater amount for any year provided by
1-20 appropriation, or a greater amount adopted by the foundation
1-21 school fund budget committee under Section 42.256(d);
1-22 "WADA" is the number of students in weighted average daily
1-23 attendance, which is calculated by dividing the sum of the school
1-24 district's allotments under Subchapters B and C, less any allotment
2-1 to the district for transportation and 50 percent of the adjustment
2-2 under Section 42.102, by the basic allotment for the applicable
2-3 year;
2-4 "DTR" is the district enrichment and facilities tax rate of
2-5 the school district, which is determined by subtracting the amounts
2-6 specified by Subsection (b) from the total amount of taxes
2-7 collected by the school district for the applicable school year and
2-8 dividing the difference by the quotient of the district's taxable
2-9 value of property as determined under Subchapter M, Chapter 403,
2-10 Government Code, divided by 100; and
2-11 "LR" is the local revenue, which is determined by multiplying
2-12 "DTR" by the quotient of the district's taxable value of property
2-13 as determined under Subchapter M, Chapter 403, Government Code,
2-14 divided by 100.
2-15 SECTION 2. This Act takes effect September 1, 1997.
2-16 SECTION 3. The importance of this legislation and the
2-17 crowded condition of the calendars in both houses create an
2-18 emergency and an imperative public necessity that the
2-19 constitutional rule requiring bills to be read on three several
2-20 days in each house be suspended, and this rule is hereby suspended.