By: Nelson S.B. No. 1785
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the limit on assistance under the state program for
1-3 assisting school districts with the payment of existing debt.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subsection (a), Section 46.034, Education Code,
1-6 is amended to read as follows:
1-7 (a) The existing debt tax rate ("EDTR") under Section 46.032
1-8 may not exceed $0.29 [$0.12] per $100 of valuation, or a greater
1-9 amount for any year provided by appropriation.
1-10 SECTION 2. This Act takes effect September 1, 2001.