1-1                                   AN ACT
 1-2     relating to the determination under the school finance system of
 1-3     the amount of collected taxes for certain school districts.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 42.302, Education Code, is amended by
 1-6     adding Subsection (d) to read as follows:
 1-7           (d)  For purposes of this section, the total amount of
 1-8     maintenance and operations taxes collected for an applicable school
 1-9     year by a school district with alternate tax dates, as authorized
1-10     by Section 26.135, Tax Code, is the amount of taxes collected on or
1-11     after January 1 of the year in which the school year begins and not
1-12     later than December 31 of the same year.
1-13           SECTION 2. This Act takes effect September 1, 2001, and
1-14     applies to the determination of the amount to which a school
1-15     district is entitled under Section 42.302, Education Code, as
1-16     amended by this Act, beginning with the 2001-2002 school year.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I certify that H.B. No. 1532 was passed by the House on April
         20, 2001, by a non-record vote.
                                             _______________________________
                                                 Chief Clerk of the House
               I certify that H.B. No. 1532 was passed by the Senate on May
         10, 2001, by the following vote:  Yeas 29, Nays 0, 1 present, not
         voting.
                                             _______________________________
                                                 Secretary of the Senate
         APPROVED:  __________________________
                              Date
                    __________________________
                            Governor