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A BILL TO BE ENTITLED
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AN ACT
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relating to the guaranteed level of state and local funds for the |
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instructional facilities allotment and the existing debt allotment |
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under 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. Section 46.003, Education Code, is amended by |
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amending Subsection (a) and adding Subsections (a-1) and (a-2) to |
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read as follows: |
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(a) For each year, except as provided by Sections 46.005 and |
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46.006, a school district is guaranteed a specified amount per |
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student in state and local funds for each cent of tax effort, up to |
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the maximum rate under Subsection (b), to pay the principal of and |
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interest on eligible bonds issued to construct, acquire, renovate, |
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or improve an instructional facility. The amount of state support |
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is determined by the formula: |
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FYA = (FYL X ADA X BTR X 100) - (BTR X (DPV/100)) |
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where: |
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"FYA" is the guaranteed facilities yield amount of state |
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funds allocated to the district for the year; |
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"FYL" is the dollar amount guaranteed level of state and |
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local funds per student per cent of tax effort, which is the amount |
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of district tax revenue per student in average daily attendance per |
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cent of tax effort available to a district at the 88th percentile in |
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wealth per student in average daily attendance, as determined by |
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the commissioner in cooperation with the Legislative Budget Board, |
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[$35] or a greater amount for any year provided by appropriation; |
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"ADA" is the greater of the number of students in average |
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daily attendance, as determined under Section 42.005, in the |
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district or 400; |
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"BTR" is the district's bond tax rate for the current year, |
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which is determined by dividing the amount budgeted by the district |
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for payment of eligible bonds by the quotient of the district's |
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taxable value of property as determined under Subchapter M, Chapter |
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403, Government Code, or, if applicable, Section 42.2521, divided |
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by 100; and |
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"DPV" is the district's taxable value of property as |
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determined under Subchapter M, Chapter 403, Government Code, or, if |
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applicable, Section 42.2521. |
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(a-1) The percentile in wealth per student described by |
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Subsection (a) for purposes of determining the dollar amount |
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guaranteed level of state and local funds ("FYL") applies beginning |
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with the 2025-2026 school year. For the 2017-2018 through |
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2024-2025 school years, "FYL" is determined as follows: |
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(1) for the 2017-2018 and 2018-2019 school years, |
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"FYL" is determined under Subsection (a) using the 52nd percentile |
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in wealth per student; |
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(2) for the 2019-2020 and 2020-2021 school years, |
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"FYL" is determined under Subsection (a) using the 61st percentile |
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in wealth per student; |
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(3) for the 2021-2022 and 2022-2023 school years, |
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"FYL" is determined under Subsection (a) using the 70th percentile |
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in wealth per student; and |
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(4) for the 2023-2024 and 2024-2025 school years, |
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"FYL" is determined under Subsection (a) using the 79th percentile |
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in wealth per student. |
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(a-2) Subsection (a-1) and this subsection expire September |
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1, 2026. |
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SECTION 2. Section 46.032, Education Code, is amended by |
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amending Subsection (a) and adding Subsections (a-1) and (a-2) to |
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read as follows: |
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(a) Each school district is guaranteed a specified amount |
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per student in state and local funds for each cent of tax effort to |
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pay the principal of and interest on eligible bonds. The amount of |
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state support, subject only to the maximum amount under Section |
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46.034, is determined by the formula: |
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EDA = (EDGL X ADA X EDTR X 100) - (EDTR X (DPV/100)) |
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where: |
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"EDA" is the amount of state funds to be allocated to the |
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district for assistance with existing debt; |
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"EDGL" is the dollar amount guaranteed level of state and |
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local funds per student per cent of tax effort, which is the amount |
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of district tax revenue per student in average daily attendance per |
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cent of tax effort available to a district at the 88th percentile in |
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wealth per student in average daily attendance, as determined by |
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the commissioner in cooperation with the Legislative Budget Board, |
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[$35] or a greater amount for any year provided by appropriation; |
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"ADA" is the number of students in average daily attendance, |
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as determined under Section 42.005, in the district; |
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"EDTR" is the existing debt tax rate of the district, which is |
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determined by dividing the amount budgeted by the district for |
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payment of eligible bonds by the quotient of the district's taxable |
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value of property as determined under Subchapter M, Chapter 403, |
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Government Code, or, if applicable, under Section 42.2521, divided |
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by 100; and |
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"DPV" is the district's taxable value of property as |
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determined under Subchapter M, Chapter 403, Government Code, or, if |
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applicable, under Section 42.2521. |
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(a-1) The percentile in wealth per student described by |
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Subsection (a) for purposes of determining the dollar amount |
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guaranteed level of state and local funds ("EDGL") applies |
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beginning with the 2025-2026 school year. For the 2017-2018 |
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through 2024-2025 school years, "EDGL" is determined as follows: |
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(1) for the 2017-2018 and 2018-2019 school years, |
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"EDGL" is determined under Subsection (a) using the 52nd percentile |
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in wealth per student; |
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(2) for the 2019-2020 and 2020-2021 school years, |
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"EDGL" is determined under Subsection (a) using the 61st percentile |
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in wealth per student; |
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(3) for the 2021-2022 and 2022-2023 school years, |
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"EDGL" is determined under Subsection (a) using the 70th percentile |
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in wealth per student; and |
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(4) for the 2023-2024 and 2024-2025 school years, |
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"EDGL" is determined under Subsection (a) using the 79th percentile |
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in wealth per student. |
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(a-2) Subsection (a-1) and this subsection expire September |
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1, 2026. |
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SECTION 3. This Act takes effect September 1, 2017. |