SRC-MWN S.B. 724 77(R)   BILL ANALYSIS


Senate Research Center   S.B. 724
77R4621 KKA-FBy: Wentworth
Education
2/28/2001
As Filed


DIGEST AND PURPOSE 

Currently, some school districts do not assess taxes on January 1 values
until June of the following year. As a result, those districts are
considered to tax in arrears. As proposed, S.B. 724 defines the collection
period to be used for state funding purposes. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a
state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 42.302, Education Code, by adding Subsection (d),
to provide that for purposes of this section, the total amount of
maintenance and operations taxes collected for an applicable school year by
a school district with alternate tax dates, as authorized by Section 26.135
(Tax Dates for Certain School Districts), Tax Code, is the amount of taxes
collected on or after January 1 of the year in which the school year begins
and not later than December 31 of the same year. 

SECTION 2. Effective date: September 1, 2001. Provides that the
determination of the amount to which a school district is entitled under
Section 42.302 (Allotment), Education Code, as amended by this Act, begins
with the 2001-2002 school year.