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A BILL TO BE ENTITLED
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AN ACT
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relating to the public school finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 7, Education Code, is |
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amended by adding Section 7.0551 to read as follows: |
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Sec. 7.0551. DISTRIBUTION OF STATE REVENUE FOR PUBLIC |
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EDUCATION. The commissioner shall adopt rules providing for the |
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distribution of state revenue for the maintenance and operation of |
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public schools and the support of instructional facilities and |
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school district debt. For purposes of this section, "state |
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revenue" means state financial assistance formerly distributed |
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under Chapters 42 and 46, as those chapters existed on January 1, |
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2015. |
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SECTION 2. Chapters 41, 42, and 46, Education Code, are |
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repealed. |
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SECTION 3. (a) Except as provided by Subsection (b) of this |
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section: |
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(1) this Act takes effect immediately if it receives a |
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vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution; and |
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(2) if this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect September 1, 2015. |
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(b) The repeal of Chapters 41, 42, and 46, Education Code, |
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by this Act takes effect September 1, 2015. |