AN ACT
 1-1     relating to the financial accountability of school districts.
 1-2           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-3           SECTION 1.  Chapter 39, Education Code, is amended by adding
 1-4     Subchapter I to read as follows:
 1-5                   SUBCHAPTER I.  FINANCIAL ACCOUNTABILITY
 1-6           Sec. 39.201.  PROPOSED FINANCIAL ACCOUNTABILITY RATING
 1-7     SYSTEM.  The commissioner shall in consultation with the
 1-8     comptroller develop proposals for a school district accountability
 1-9     rating system, to be presented to the legislature no later than
1-10     December 15, 2000.  This section expires September 1, 2001.
1-11           SECTION 2.  This Act takes effect September 1, 1999.
1-12           SECTION 3.  The importance of this legislation and the
1-13     crowded condition of the calendars in both houses create an
1-14     emergency and an imperative public necessity that the
1-15     constitutional rule requiring bills to be read on three several
1-16     days in each house be suspended, and this rule is hereby suspended,
1-17     and that this Act take effect and be in force from and after its
1-18     passage, and it is so enacted.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I hereby certify that S.B. No. 875 passed the Senate on
         May 10, 1999, by the following vote:  Yeas 30, Nays 0; and that the
         Senate concurred in House amendment on May 29, 1999, by the
         following vote:  Yeas 30, Nays 0.
                                             _______________________________
                                                 Secretary of the Senate
               I hereby certify that S.B. No. 875 passed the House, with
         amendment, on May 26, 1999, by the following vote:  Yeas 144,
         Nays 0, two present not voting.
                                             _______________________________
                                                 Chief Clerk of the House
         Approved:
         _______________________________
                     Date
         _______________________________
                   Governor