By Shapleigh                                          S.B. No. 1490
         77R9402 ESH-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the relationship between certain funding elements of
 1-3     the Foundation School Program.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Subchapter A, Chapter 42, Education Code, is
 1-6     amended by adding Section 42.008 to read as follows:
 1-7           Sec. 42.008.  INCREASES IN FUNDING ELEMENTS. (a)  In this
 1-8     section:
 1-9                 (1)  "Court-approved equity standard" means a
1-10     measurement of the equity of the public school finance system by
1-11     which the guaranteed yield allotment under Subchapter F provides
1-12     assistance to the school districts in which 85 percent of the
1-13     public school students in the state attend school, as approved by
1-14     the supreme court in Edgewood Independent School District v. Meno,
1-15     917 S.W.2d 717 (Tex. 1995).
1-16                 (2)  "Tier two guaranteed level" means the maximum
1-17     guaranteed level of state and local funds per weighted student per
1-18     cent of tax effort ("GL") under Section 42.302.
1-19           (b)  An increase in the basic allotment under Section 42.101,
1-20     the tier two guaranteed level, or the equalized wealth level under
1-21     Chapter 41 must be accompanied by an increase in each of the other
1-22     two funding elements as necessary to reduce to an insignificant
1-23     level the remaining inequities in the public school finance system.
1-24           (c)  The tier two guaranteed level must be at least the
 2-1     amount necessary to meet the court-approved equity standard.
 2-2           SECTION 2. This Act takes effect September 1, 2001.