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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of wealth level per student for the |
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purpose of taking action to achieve the equalized wealth level. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 41.003, Education Code, is amended by |
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adding Subsection (b) as follows: |
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(a) A district with a wealth per student that exceeds the |
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equalized wealth level may take any combination of the following |
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actions to achieve the equalized wealth level: |
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(1) consolidation with another district as provided by |
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Subchapter B; |
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(2) detachment of territory as provided by Subchapter |
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C; |
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(3) purchase of average daily attendance credit as |
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provided by Subchapter D; |
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(4) education of nonresident students as provided by |
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Subchapter E; or |
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(5) tax base consolidation with another district as |
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provided by Subchapter F. |
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(b) Prior to taking any action to achieve the equalized |
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wealth level in accordance with subsection (a), a district with a |
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wealth per student that exceeds the equalized wealth level shall |
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subtract from its wealth per student the amount of revenue per |
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student that is expended to pay for security costs incurred by or on |
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behalf of any school in the district and the amount of revenue per |
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student that is expended to pay for special education programs |
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administered in the district in accordance with Chapter 29. Such a |
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district must take an action or combination of actions listed under |
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subsection (a) only if and to the extent that the new net wealth |
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level per student, as calculated in accordance with this |
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subsection, exceeds the equalized wealth level calculated in |
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Section 41.002. |
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SECTION 2. This Act takes effect September 1, 2013. |