By Shapiro S.B. No. 1231
75R7550 ESH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the equalized wealth level under the foundation school
1-3 program.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Sections 41.002(e) and (f), Education Code, are
1-6 amended to read as follows:
1-7 (e) Notwithstanding Subsection (a), for the [1996-1997 and]
1-8 1997-1998, 1998-1999, and 1999-2000 school years, in accordance
1-9 with a determination of the commissioner, the wealth per student
1-10 that a school district may have after exercising an option under
1-11 Section 41.003(2) or (3) may not be less than the amount needed to
1-12 maintain state and local revenue in an amount equal to state and
1-13 local revenue per weighted student for maintenance and operation of
1-14 the district for the 1992-1993 school year less the district's
1-15 current year distribution per weighted student from the available
1-16 school fund, other than amounts distributed under Chapter 31, if
1-17 the district imposes an effective tax rate for maintenance and
1-18 operation of the district equal to the greater of the district's
1-19 current tax rate or $1.50 on the $100 valuation of taxable
1-20 property. This subsection expires September 1, 2000 [1998].
1-21 (f) For purposes of Subsection [Subsections (d) and] (e), a
1-22 school district's effective tax rate is determined by dividing the
1-23 total amount of taxes collected by the district for the applicable
1-24 school year by the quotient of the district's taxable value of
2-1 property, as determined under Subchapter M, Chapter 403, Government
2-2 Code, divided by 100. This subsection expires September 1, 2000
2-3 [1998].
2-4 SECTION 2. This Act takes effect September 1, 1997.
2-5 SECTION 3. The importance of this legislation and the
2-6 crowded condition of the calendars in both houses create an
2-7 emergency and an imperative public necessity that the
2-8 constitutional rule requiring bills to be read on three several
2-9 days in each house be suspended, and this rule is hereby suspended.