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By:  Hochberg                                                     H.B. No. 724



A BILL TO BE ENTITLED

AN ACT

relating to adjustments in charter school funding.                            
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 12.106 of the Education Code is amended 
by amending Subsection (a) to read as follows:
	(a)  A charter holder is entitled to receive for the 
open-enrollment charter school funding under Chapter 42 as if the 
school were a school district without a tier one local share for 
purposes of Section 42.253 and without any local revenue ("LR") for 
purposes of Section 42.302.  In determining funding for an 
open-enrollment charter school, adjustments under Sections 42.102, 
42.103, 42.104, and 42.105 and the district enrichment tax rate 
("DTR") under Section 42.302 are based on the average adjustment 
and average district enrichment tax rate for the state as estimated 
at the beginning of the school year.  The amount of state funding 
for each student shall not be subject to adjustment after the 
beginning of the school year due to changes in the property values 
or collection rates for the state or for any school district on 
which the charter school's funding is based.
	SECTION 2.  This Act applies beginning with the 2005-2006 
school year.       
	SECTION 3.  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, 2005.