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78R12613 CAS-F
By: Van Arsdale H.B. No. 693
A BILL TO BE ENTITLED
AN ACT
relating to funding for school districts that accept students using
a public education grant.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 29.203(b) and (g), Education Code, are
amended to read as follows:
(b) A school district is entitled to the allotment provided
by Section 42.157 for each eligible student using a public
education grant. If the district has a wealth per student greater
than the guaranteed wealth level but less than the equalized wealth
level, a school district is entitled under rules adopted by the
commissioner to additional state aid in an amount equal to the
difference between the cost to the district of providing services
to a student using a public education grant and the sum of the state
aid received because of the allotment under Section 42.157 and
money from the available school fund attributable to the student.
For each eligible student using a public education grant to attend
school in an attending district, the attending district is also
entitled to funds from the residing district in an amount equal to
the difference between:
(1) 125 percent of the amount of state aid that the
attending district would receive if the student using the public
education grant lived in the attending district; and
(2) the amount of state aid that the attending
district receives as a result of the student's attendance in the
attending district.
(g) In this section:
(1) "Attending district" means the school district in
which a student using a public education grant attends school but
does not reside.
(2) "Equalized wealth level" has the meaning assigned
by Section 41.001.
(3) [(2)] "Guaranteed wealth level" means a wealth per
student equal to the dollar amount guaranteed level of state and
local funds per weighted student per cent of tax effort, as provided
by Section 42.302, multiplied by 10,000.
(4) "Residing district" means the school district in
which a student using a public education grant resides.
(5) [(3)] "Wealth per student" has the meaning
assigned by Section 41.001.
SECTION 2. Section 29.203(f), Education Code, is repealed.
SECTION 3. This Act takes effect September 1, 2003.