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.