By: Duncan S.B. No. 1489
99S0677/1
A BILL TO BE ENTITLED
AN ACT
1-1 relating to public funding for school districts that experience a
1-2 decline in district property values.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subsection (e), Section 42.252, Education Code,
1-5 is amended to read as follows:
1-6 (e) The commissioner shall adjust, by the amount of the
1-7 [hear appeals from school districts that have experienced a rapid]
1-8 decline, the DPV, as described by Subsection (a), of a school
1-9 district that experiences a decline from [in tax base used in
1-10 calculating the local fund assignment, exceeding four percent of]
1-11 the preceding year in its taxable value used to calculate its local
1-12 fund assignment[,] that is beyond the control of the board of
1-13 trustees of the district. This adjustment may only be paid from
1-14 funds specifically appropriated [The commissioner, to the extent
1-15 appropriations] for that purpose [are available, may adjust the
1-16 district's taxable values for local fund assignment purposes for
1-17 such losses in value exceeding four percent and thereby adjust the
1-18 local fund assignment to reflect the local current year taxable
1-19 value. The decision of the commissioner is final]. Such an [An]
1-20 adjustment does not affect the local fund assignment of any other
1-21 [school] district. This subsection applies to determinations by
1-22 the commissioner in identifying districts with wealth per student
1-23 exceeding the equalized wealth level pursuant to Section 41.004.
1-24 SECTION 2. Section 42.302, Education Code, is amended by
2-1 adding Subsection (c) to read as follows:
2-2 (c) In determining a school district's "DTR" and "LR" under
2-3 Subsection (a), the commissioner shall adjust, by the amount of the
2-4 decline, the taxable value of a district that experiences a decline
2-5 from the preceding year in its taxable value of property as
2-6 determined under Subchapter M, Chapter 403, Government Code. This
2-7 adjustment may only be paid from funds specifically appropriated
2-8 for that purpose. Such an adjustment does not affect the GYA, as
2-9 described under Subsection (a), of any other district.
2-10 SECTION 3. This Act takes effect September 1, 1999.
2-11 SECTION 4. The importance of this legislation and the
2-12 crowded condition of the calendars in both houses create an
2-13 emergency and an imperative public necessity that the
2-14 constitutional rule requiring bills to be read on three several
2-15 days in each house be suspended, and this rule is hereby suspended.