1-1 By: Kuempel (Senate Sponsor - Wentworth) H.B. No. 1532 1-2 (In the Senate - Received from the House April 23, 2001; 1-3 April 24, 2001, read first time and referred to Committee on 1-4 Education; May 3, 2001, reported favorably by the following vote: 1-5 Yeas 8, Nays 0; May 3, 2001, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the determination under the school finance system of 1-9 the amount of collected taxes for certain school districts. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 42.302, Education Code, is amended by 1-12 adding Subsection (d) to read as follows: 1-13 (d) For purposes of this section, the total amount of 1-14 maintenance and operations taxes collected for an applicable school 1-15 year by a school district with alternate tax dates, as authorized 1-16 by Section 26.135, Tax Code, is the amount of taxes collected on or 1-17 after January 1 of the year in which the school year begins and not 1-18 later than December 31 of the same year. 1-19 SECTION 2. This Act takes effect September 1, 2001, and 1-20 applies to the determination of the amount to which a school 1-21 district is entitled under Section 42.302, Education Code, as 1-22 amended by this Act, beginning with the 2001-2002 school year. 1-23 * * * * *