By Shapiro S.B. No. 36
76R1262 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 [1997-1998,
1-8 1998-1999, and] 1999-2000, 2000-2001, and 2001-2002 school years,
1-9 in accordance with a determination of the commissioner, the wealth
1-10 per student that a school district may have after exercising an
1-11 option under Section 41.003(2) or (3) may not be less than the
1-12 amount needed to maintain state and local revenue in an amount
1-13 equal to state and local revenue per weighted student for
1-14 maintenance and operation of the district for the 1992-1993 school
1-15 year less the district's current year distribution per weighted
1-16 student from the available school fund, other than amounts
1-17 distributed under Chapter 31, if the district imposes an effective
1-18 tax rate for maintenance and operation of the district equal to the
1-19 greater of the district's current tax rate or $1.50 on the $100
1-20 valuation of taxable property. This subsection expires September
1-21 1, 2002 [2000].
1-22 (f) For purposes of Subsection (e), a school district's
1-23 effective tax rate is determined by dividing the total amount of
1-24 taxes collected by the district for the applicable school year less
2-1 any amounts paid into a tax increment fund under Chapter 311, Tax
2-2 Code, by the quotient of the district's taxable value of property,
2-3 as determined under Subchapter M, Chapter 403, Government Code,
2-4 divided by 100. This subsection expires September 1, 2002 [2000].
2-5 SECTION 2. This Act takes effect September 1, 1999.
2-6 SECTION 3. The importance of this legislation and
2-7 the crowded condition of the calendars in both houses create an
2-8 emergency and an imperative public necessity that the
2-9 constitutional rule requiring bills to be read on three several
2-10 days in each house be suspended, and this rule is hereby suspended.