By Sadler H.B. No. 2879
Line and page numbers may not match official copy.
Bill not drafted by TLC or Senate E&E.
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to school finance.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subchapter E, Chapter 42, Section 42.302(a),
1-5 Education Code, is amended to read as follows:
1-6 Sec. 42.302. Allotment. (a) Each school district is
1-7 guaranteed a specified amount per weighted student in state and
1-8 local funds for each cent of tax effort over that required for the
1-9 district's local fund assignment up to the maximum level specified
1-10 in this subchapter. The amount of state support, subject only to
1-11 the maximum amount under Section 42.303, is determined by the
1-12 formula:
1-13 GYA = (GL X WADA X DTR X 100) - LR
1-14 where:
1-15 "GYA" is the guaranteed yield amount of state funds to be
1-16 allocated to the district;
1-17 "GL" is the dollar amount guaranteed level of state and local
1-18 funds per weighted student per cent of tax effort, which is
1-19 [$24.99] $25.00 or a greater amount for any year provided by
1-20 appropriation;
1-21 "WADA" is the number of students in weighted average daily
1-22 attendance, which is calculated by dividing the sum of the school
1-23 district's allotments under Subchapters B and C, less any allotment
2-1 to the district for transportation, any allotment under Section
2-2 42.158, and 50 percent of the adjustment under Section 42.102, by
2-3 the basic allotment for the applicable year;
2-4 "DTR" is the district enrichment tax rate of the school
2-5 district, which is determined by subtracting the amounts specified
2-6 by Subsection (b) from the total amount of maintenance and
2-7 operations taxes collected by the school district for the
2-8 applicable school year and dividing the difference by the quotient
2-9 of the district's taxable value of property as determined under
2-10 Subchapter M, Chapter 403, Government Code, or, if applicable,
2-11 under Section 42.2521, divided by 100; and
2-12 "LR" is the local revenue, which is determined by multiplying
2-13 "DTR" by the quotient of the district's taxable value of property
2-14 as determined under Subchapter M, Chapter 403, Government Code, or,
2-15 if applicable, under Section 42.2521, divided by 100.
2-16 SECTION 2. Section 41.002(a), Education Code, is amended to
2-17 read as follows:
2-18 (a) A school district may not have a wealth per student that
2-19 exceeds [$295,000] $295,001.
2-20 SECTION 3. Subchapter E, Chapter 42, Education Code, is
2-21 amended by adding Section 42.2514 to read as follows:
2-22 Sec. 42.2514. HOLD HARMLESS FOR OPERATIONS. The commissioner
2-23 shall develop an equitable formula for funding districts not
2-24 covered by increases created under Sections 41.002(a) or 42.302(a)
2-25 of this Code for the 2001-02 and 2002-03 school years.
2-26 SECTION 4. This Act takes effect September 1, 2001.