| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the creation of the attendance credit receipts fund. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 41.094(b), Education Code, is amended to |
|
|
read as follows: |
|
|
(b) Receipts shall be deposited in the state treasury to the |
|
|
credit of the attendance credit receipts fund under Section 41.0941 |
|
|
[and may be used only for foundation school program purposes]. |
|
|
SECTION 2. Subchapter D, Chapter 41, Education Code, is |
|
|
amended by adding Section 41.0941 to read as follows: |
|
|
Sec. 41.0941. ATTENDANCE CREDIT RECEIPTS FUND. (a) The |
|
|
attendance credit receipts fund is created as a fund in the state |
|
|
treasury, administered by the comptroller. |
|
|
(b) The attendance credit receipts fund shall consist of |
|
|
payments made by school districts under Section 41.094 for the |
|
|
purchase of attendance credits under this subchapter. |
|
|
(c) Money deposited to the attendance credit receipts fund |
|
|
may only be used for foundation school program purposes. |
|
|
SECTION 3. As soon as practicable after the effective date |
|
|
of this Act, the comptroller shall transfer from the general |
|
|
revenue fund to the attendance credit receipts fund created under |
|
|
Section 41.0941, Education Code, as added by this Act, any funds |
|
|
received from the purchase of attendance credits by a school |
|
|
district under Section 41.094, Education Code, before the effective |
|
|
date of this Act. |
|
|
SECTION 4. This Act takes effect December 1, 2017. |