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79R4450 KKA-F

By:  Madla                                                        S.B. No. 595



A BILL TO BE ENTITLED

AN ACT

relating to the taxable property value under the public school 
finance system of school districts not offering all grade levels.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 42.106, Education Code, is amended to 
read as follows:   
	Sec. 42.106.  ADJUSTED PROPERTY VALUE FOR DISTRICTS NOT 
OFFERING ALL GRADE LEVELS.  For purposes of this chapter, the 
taxable value of property of a school district that contracts for 
students residing in the district to be educated in another 
district under Section 25.039(a) is adjusted by applying the 
formula:

ADPV = DPV - (TN/MTR) [(TN/.015)]

where:                                                                        
	"ADPV" is the district's adjusted taxable value of property;                   
	"DPV" is the taxable value of property in the district for the 
preceding tax year determined under Subchapter M, Chapter 403, 
Government Code; [and]
	"TN" is the total amount of tuition required to be paid by the 
district under Section 25.039 for the school year for which the 
adjustment is made, not to exceed the amount specified by 
commissioner rule under Section 25.039(b); and
	"MTR" is the maximum maintenance tax rate permitted under 
Section 45.003(d), expressed as a rate to be applied to the total 
valuation of taxable property.
	SECTION 2.  This Act takes effect September 1, 2005.