78R12613 CAS-F


By:  Van Arsdale                                                  H.B. No. 693

Substitute the following for H.B. No. 693:                                    

By:  Eissler                                                  C.S.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.