By:  Baxter                                                       H.B. No. 3289



A BILL TO BE ENTITLED

AN ACT

relating to the cost of an attendance credit under the school 
finance system.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 41.093, Education Code, is amended by 
adding Subsections (d) and (e) to read as follows:
	(d)  Notwithstanding Subsections (a) and (c), for purposes 
of this section, in computing the cost of an attendance credit for a 
district, delinquent maintenance and operations taxes collected in 
a tax year subsequent to the tax year in which the taxes were due are 
multiplied by a percentage equal to the percentage determined by:
		(1)  dividing the total amount required to purchase 
attendance credits under this section for the school year in which 
the taxes were due by the district's total maintenance and 
operations tax revenue for that year; and
		(2)  multiplying the quotient by 100.                                  
	(e)  Subsection (d) applies only to computing the cost of an 
attendance credit for the 2003-2004 or 2004-2005 school year.  
Subsection (d) and this subsection expire September 1, 2005.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.