84R9509 JSL-D
 
  By: Meyer H.B. No. 3247
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the adjustment under the public school finance system
  for optional homestead exemptions granted by public school
  districts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Sections 42.2522(a) and (d), Education Code, are
  amended to read as follows:
         (a)  In any school year, the commissioner shall [may not]
  provide funding under this chapter based on a school district's
  taxable value of property computed in accordance with Section
  403.302(d)(2), Government Code, but only if [unless]:
               (1)  funds are specifically appropriated for purposes
  of this section; or
               (2)  the commissioner determines that the total amount
  of state funds appropriated for purposes of the Foundation School
  Program for the school year exceeds the amount of state funds
  distributed to school districts in accordance with Section 42.253
  based on the taxable values of property in school districts
  computed in accordance with Section 403.302(d), Government Code,
  without any deduction for residence homestead exemptions granted
  under Section 11.13(n), Tax Code.
         (d)  If the commissioner determines that the amount of funds
  available under Subsection (a)(1) or (2) does not at least equal the
  total amount of state funding to which districts would be entitled
  if state funding under this chapter were based on the taxable values
  of property in school districts computed in accordance with Section
  403.302(d)(2), Government Code, the commissioner shall [may, to the
  extent necessary,] provide state funding based on a uniform lesser
  fraction of the deduction under Section 403.302(d)(2), Government
  Code.
         SECTION 2.  This Act takes effect September 1, 2015.