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A BILL TO BE ENTITLED
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AN ACT
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relating to eligibility for the small and mid-sized adjustment |
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under the public school finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 42.2516(h), Education Code, is amended |
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to read as follows: |
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(h) Notwithstanding any other provision of this title, if |
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the amount of state and local revenue per student in weighted |
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average daily attendance for the maintenance and operations of the |
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district available to the district in a school year as a result of |
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increases to the equalized wealth level under Section 41.002, the |
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basic allotment under Section 42.101, and the guaranteed level |
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under Section 42.302 made by Chapter 5 [H.B. No. 1], Acts of the |
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79th Legislature, 3rd Called Session, 2006, or as result of the |
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repeal of Section 42.103(e) by __. B. No. ___, Acts of the 80th |
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Legislature, Regular Session, 2007, exceeds the amount to which a |
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district is entitled under Subsection (b) for that school year, the |
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commissioner must: |
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(1) reduce the amount of state aid provided to the |
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district for that school year by an amount equal to the excess |
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revenue, as determined by the commissioner; or |
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(2) for a district with a wealth per student greater |
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than the applicable amount described by Section 41.002(a), require |
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the district to purchase a number of attendance credits for that |
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school year at a cost equal to the amount of excess revenue, as |
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determined by the commissioner. |
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SECTION 2. Section 42.103(e), Education Code, is repealed. |
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SECTION 3. This Act takes effect September 1, 2007. |