By Solis                                               H.B. No. 934
         77R975 KKA-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to eligibility of school districts for state assistance
 1-3     with payment of existing debt.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 46.033, Education Code, is amended to
 1-6     read as follows:
 1-7           Sec. 46.033.  ELIGIBLE BONDS. Bonds, including bonds issued
 1-8     under Section 45.006, are eligible to be paid with state and local
 1-9     funds under this subchapter if:
1-10                 (1)  the district made payments on the bonds during the
1-11     1998-1999 school year or taxes levied to pay the principal of and
1-12     interest on the bonds were included in the district's audited debt
1-13     service collections for that [the 1998-1999] school year; and
1-14                 (2)  the district does not receive state assistance
1-15     under Subchapter A for payment of the principal and interest on the
1-16     bonds.
1-17           SECTION 2.  This Act takes effect September 1, 2001.