1-1     By:  Wentworth                                        S.B. No. 1795

 1-2           (In the Senate - Filed March 14, 1997; March 24, 1997, read

 1-3     first time and referred to Committee on Finance; April 18, 1997,

 1-4     reported favorably by the following vote:  Yeas 10, Nays 0;

 1-5     April 18, 1997, sent to printer.)

 1-6                            A BILL TO BE ENTITLED

 1-7                                   AN ACT

 1-8     relating to the taxable value of property of a school district that

 1-9     does not offer each grade level from kindergarten to 12th grade.

1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

1-11           SECTION 1.  Subchapter B, Chapter 42, Education Code, is

1-12     amended by adding Section 42.106 to read as follows:

1-13           Sec. 42.106.  ADJUSTED PROPERTY VALUE FOR DISTRICTS NOT

1-14     OFFERING ALL GRADE LEVELS.  For purposes of this chapter, the

1-15     taxable value of property of a school district that contracts for

1-16     students residing in the district to be educated in another

1-17     district under Section 25.039(a) is adjusted by applying the

1-18     formula:

1-20     where:

1-21           "ADPV" is the district's adjusted taxable value of property;

1-22           "DPV" is the taxable value of property in the district for

1-23     the preceding tax year determined under Subchapter M, Chapter 403,

1-24     Government Code; and

1-25           "TN" is the total amount of tuition required to be paid by

1-26     the district under Section 25.038 for the school year for which the

1-27     adjustment is made.

1-28           SECTION 2.  This Act takes effect September 1, 1997.

1-29           SECTION 3.  The importance of this legislation and the

1-30     crowded condition of the calendars in both houses create an

1-31     emergency and an imperative public necessity that the

1-32     constitutional rule requiring bills to be read on three several

1-33     days in each house be suspended, and this rule is hereby suspended.

1-34                                  * * * * *