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A BILL TO BE ENTITLED
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AN ACT
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relating to severance payments to superintendents of independent |
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school districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.201(c), Education Code, is amended to |
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read as follows: |
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(c) For purposes of this subsection, "severance payment" |
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means any amount paid by the board of trustees of an independent |
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school district to or in behalf of a superintendent on early |
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termination of the superintendent's contract that exceeds the |
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amount earned by the superintendent under the contract as of the |
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date of termination, including any amount that exceeds the amount |
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of earned standard salary and benefits that is paid as a condition |
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of early termination of the contract. The board of trustees that |
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makes a severance payment to a superintendent shall report the |
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terms of the severance payment to the commissioner. The |
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commissioner shall reduce the district's Foundation School Program |
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funds by an amount equal to the severance payment made by the board |
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of trustees to the superintendent [any amount that the amount of the
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severance payment to the superintendent exceeds an amount equal to
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one year's salary and benefits under the superintendent's
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terminated contract]. The commissioner may adopt rules as necessary |
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to administer this subsection. |
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SECTION 2. Section 11.201(c), Education Code, as amended |
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by this Act, applies only to a severance payment made by the board |
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of trustees of an independent school district to a superintendent |
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under an agreement entered into on or after the effective date of |
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this Act. A severance payment made by the board of trustees to a |
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superintendent under an agreement entered into before the effective |
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date of this Act is governed by the law in effect at the time the |
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agreement was made, and that law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |