SRC-MWN S.B. 1728 77(R)   BILL ANALYSIS


Senate Research Center   S.B. 1728
By: Cain
Education
4/16/2001
As Filed


DIGEST AND PURPOSE 

Under current law, the state equalizes certain bond payments for a school
district under the Instructional Facilities Allotment (IFA) and Existing
Debt Allotment (EDA). The local share of the guaranteed yield is required
to be paid from certain taxes collected by the district in the year the
payment is made. Although the district is authorized to legally use a
variety of other local funds for debt payments, those funds cannot count as
part of the district's local share. As proposed, S.B. 1728 allows a
district to use any or all of certain taxes or monies for its local share
of an IFA or EDA. S.B. 1728 also allows a district to use alternative local
funds to meet its local share. 

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 46.003, Education Code, by adding Subsection (h),
as follows: 

(h) Authorizes a school district to use any funds available to the district
not specifically prohibited by law as its local share of an allotment under
this section but is prohibited from including for this purpose state aid or
local tax revenue used to meet the district's local share of any other
allotment. 

SECTION 2. Amends Section 46.032, Education Code, by adding Subsection (c),
to make a conforming change. 

SECTION 3. Effective date: September 1, 2001.