Amend CSHB 5 as follows:
(1) In ARTICLE 1 of the bill, between SECTIONS 1.10 and 1.11
of the bill, insert the following new sections, appropriately
numbered:
SECTION 1.____. Sections 46.004(a) and (b), Education Code,
are amended to read as follows:
(a) A district may receive state assistance in connection
with a lease-purchase agreement concerning an instructional
facility. For purposes of this subchapter:
(1) the amount of state aid received under Chapter 41
that equals the amount of taxes that would have to be levied [for
purposes of maintenance and operations that are necessary] to pay a
district's share of the payments under a lease-purchase agreement
for which the district receives state assistance under this
subchapter is [are] considered to be bond taxes; and
(2) payments under a lease-purchase agreement are
considered to be payments of principal of and interest on bonds.
(b) Section 46.003(b) applies to state aid under Chapter 41
used [taxes levied] to pay a district's share of the payments under
a lease-purchase agreement for which the district receives state
assistance under this subchapter.
SECTION 1.____. Section 46.012, Education Code, as added by
Chapter 1156, Acts of the 77th Legislature, Regular Session, 2001,
is amended to read as follows:
Sec. 46.012. MULTIPLE ALLOTMENTS PROHIBITED. A school
district is not entitled to state assistance under this subchapter
based on taxes with respect to which the district receives state
assistance under [Subchapter F,] Chapter 42.
(2) In ARTICLE 1 of the bill, between SECTIONS 1.12 and 1.13
of the bill, insert the following new section, appropriately
numbered:
SECTION 1.____. Subchapter B, Chapter 46, Education Code,
is amended by adding Section 46.038 to read as follows:
Sec. 46.038. LEASE-PURCHASE AGREEMENTS. A district may
receive state assistance under this subchapter in connection with a
lease-purchase agreement concerning an instructional facility. A
lease-purchase agreement is eligible to be paid with state and
local funds under this subchapter if:
(1) the district made payments on the lease-purchase
agreement during the final school year of the state fiscal biennium
preceding the biennium in which the district first receives
assistance under this subchapter for the payment of the
lease-purchase agreement; and
(2) the district does not receive state assistance
under Subchapter A for payment of the lease-purchase agreement.