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A BILL TO BE ENTITLED
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AN ACT
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elating to studying the cost of education index. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 322, Government Code, is amended by |
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adding new Section 322.025 to read as follows: |
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Sec. 322.025. COST OF EDUCATION STUDY. It is the intent of |
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the legislature that the Legislative Budget Board, using funds |
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appropriated by this Act, shall conduct a study on the cost of |
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education index adjustment contained in Chapter 203, Title 19, |
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Texas Administrative Code. The study must be based on the most |
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recent information available regarding costs incurred by school |
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districts throughout the state and must propose a formula for the |
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calculation of each public school district's cost of education |
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index that may be used by the Texas Education Agency in determining |
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each district's state aid for the 2016-2017 school year and |
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subsequent school years. The Legislative Budget Board shall issue |
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recommendations arising from the study to the legislature, the |
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governor, and the lieutenant governor not later than January 1, |
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2017. |