By Shapiro S.B. No. 593
76R6202 ESH-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to additional state assistance for certain school
1-3 districts with high tax rates.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 42.303, Education Code, is amended to
1-6 read as follows:
1-7 Sec. 42.303. LIMITATION ON ENRICHMENT AND FACILITIES TAX
1-8 RATE. (a) Except as otherwise provided by this section, the [The]
1-9 district enrichment and facilities tax rate ("DTR") under Section
1-10 42.302 may not exceed $0.64 per $100 of valuation, or a greater
1-11 amount for any year provided by appropriation.
1-12 (b) A district may receive state assistance under this
1-13 subchapter based on taxes imposed to pay the principal of and
1-14 interest on bonds other than bonds for which the district receives
1-15 state assistance under Chapter 46 if:
1-16 (1) the district's total tax rate exceeds a rate equal
1-17 to the sum of the local fund assignment rate under Section 42.252
1-18 and the rate prescribed by Subsection (a); and
1-19 (2) all or part of the excess described by Subdivision
1-20 (1) is attributable to taxes imposed to pay the principal of and
1-21 interest on bonds other than bonds for which the district receives
1-22 state assistance under Chapter 46.
1-23 (c) A district may not receive state assistance for any
1-24 portion of a tax rate that exceeds the limit prescribed by
2-1 Subsection (a) that is attributable to maintenance and operations
2-2 taxes.
2-3 (d) The tax rate for which a district may receive state
2-4 assistance as provided by Subsection (b) may not exceed the rate
2-5 that would be necessary for the current year, using state funds
2-6 under Section 42.302, to make payments of principal and interest on
2-7 the bonds for which the tax is pledged.
2-8 (e) For purposes of this section, a district's total tax
2-9 rate is determined by subtracting the amounts specified by
2-10 Subsection (f) from the total amount of taxes collected by the
2-11 school district for the applicable school year and dividing the
2-12 difference by the quotient of the district's taxable value of
2-13 property as determined under Subchapter M, Chapter 403, Government
2-14 Code, divided by 100.
2-15 (f) In computing the total tax rate of a school district,
2-16 the total amount of taxes collected by the school district does
2-17 not include the amount of:
2-18 (1) taxes collected to pay the local share of the cost
2-19 of an instructional facility for which the district receives state
2-20 assistance under Chapter 46; or
2-21 (2) taxes paid into a tax increment fund under Chapter
2-22 311, Tax Code.
2-23 SECTION 2. This Act takes effect September 1, 1999.
2-24 SECTION 3. The importance of this legislation and the
2-25 crowded condition of the calendars in both houses create an
2-26 emergency and an imperative public necessity that the
2-27 constitutional rule requiring bills to be read on three several
3-1 days in each house be suspended, and this rule is hereby suspended.