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A BILL TO BE ENTITLED
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AN ACT
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relating to a limitation on the amount of school property tax |
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revenue that is subject to recapture under the public school |
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finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. This Act may be cited as the Robin Hood Relief |
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Act. |
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SECTION 2. Subchapter D, Chapter 41, Education Code, is |
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amended by adding Section 41.0932 to read as follows: |
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Sec. 41.0932. LIMITATION ON TOTAL COST. Notwithstanding |
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any other provision of this chapter, a school district that |
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executes an agreement to purchase all attendance credits necessary |
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to reduce the district's wealth per student to the equalized wealth |
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level may not be required to pay a total amount for attendance |
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credits that exceeds the amount equal to 39.6 percent of the amount |
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of maintenance and operations tax revenue collected by the district |
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for the tax year that ends during the school year for which the |
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agreement is executed. |
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SECTION 3. This Act takes effect September 1, 2013. |