1-1 By: Nelson S.B. No. 1785
1-2 (In the Senate - Filed March 29, 2001; April 2, 2001, read
1-3 first time and referred to Committee on Education; April 9, 2001,
1-4 reported favorably by the following vote: Yeas 8, Nays 0;
1-5 April 9, 2001, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the limit on assistance under the state program for
1-9 assisting school districts with the payment of existing debt.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Subsection (a), Section 46.034, Education Code,
1-12 is amended to read as follows:
1-13 (a) The existing debt tax rate ("EDTR") under Section 46.032
1-14 may not exceed $0.29 [$0.12] per $100 of valuation, or a greater
1-15 amount for any year provided by appropriation.
1-16 SECTION 2. This Act takes effect September 1, 2001.
1-17 * * * * *