By George H.B. No. 603
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the treatment for school finance purposes of school
1-3 district optional homestead exemptions.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 42.2522, Education Code, and Section
1-6 403.302(j), Government Code, are repealed.
1-7 SECTION 2. Section 46.034(d), Education Code, is amended to
1-8 read as follows:
1-9 (d) To the extent funds are available under Chapter 42 or
1-10 this chapter in excess of the amount to which school districts are
1-11 entitled for a school year, the commissioner[
, before providing
1-12 additional assistance under Section 42.2522,] may provide
1-13 assistance under this subchapter to a district that would be
1-14 entitled to the assistance but for the limit on the existing debt
1-15 tax rate under Subsection (a).
1-16 SECTION 3. This Act takes effect September 1, 2001.