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A BILL TO BE ENTITLED
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AN ACT
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relating to the permissible wealth per student of certain school |
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districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 41.002, Education Code, is amended by |
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adding Subsection (c) to read as follows: |
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(c) Notwithstanding any other provision of this chapter, if |
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a school district with a current Financial Allocation Study for |
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Texas (FAST) rating from the comptroller of at least four stars on a |
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five-star scale, or the equivalent of that rating under any |
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subsequent system developed by the comptroller, has a wealth per |
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student that exceeds the equalized wealth level, the commissioner |
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shall consider the district to have reduced its wealth per student |
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by an amount equal to five percent of the difference between the |
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district's wealth per student and the equalized wealth level. |
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SECTION 2. This Act takes effect September 1, 2015. |