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A BILL TO BE ENTITLED
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AN ACT
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relating to the cost of an attendance credit 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. Section 41.093, Education Code, is amended by |
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amending Subsection (a) and adding Subsection (b-2) to read as |
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follows: |
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(a) Subject to Subsections [Subsection] (b-1) and (b-2), |
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the cost of each credit is an amount equal to the greater of: |
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(1) the amount of the district's maintenance and |
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operations tax revenue per student in weighted average daily |
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attendance for the school year for which the contract is executed; |
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or |
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(2) the amount of the statewide district average of |
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maintenance and operations tax revenue per student in weighted |
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average daily attendance for the school year preceding the school |
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year for which the contract is executed. |
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(b-2) If the amount of maintenance and operations tax |
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revenue expended by a school district per student in weighted |
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average daily attendance exceeds the amount expended during the |
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preceding school year, the cost of an attendance credit for the |
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district is reduced by the percentage by which the current |
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expenditure per student exceeds the expenditure per student during |
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the preceding school year. |
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SECTION 3. This Act takes effect September 1, 2015. |