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A BILL TO BE ENTITLED
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AN ACT
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relating to an adjustment under the public school finance system |
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for optional homestead exemptions. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 42.2522(a) and (d), Education Code, are |
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amended to read as follows: |
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(a) In any school year, the commissioner may not provide |
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funding under this chapter or Chapter 46 or make determinations |
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regarding action required under Chapter 41 based on a school |
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district's taxable value of property computed in accordance with |
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Section 403.302(d)(2), Government Code, unless: |
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(1) funds are specifically appropriated for purposes |
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of this section; or |
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(2) the commissioner determines that the total amount |
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of state funds appropriated for purposes of the Foundation School |
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Program for the school year exceeds the amount of state funds |
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distributed to school districts in accordance with Section 42.253 |
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based on the taxable values of property in school districts |
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computed in accordance with Section 403.302(d), Government Code, |
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without any deduction for residence homestead exemptions granted |
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under Section 11.13(n), Tax Code. |
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(d) If the commissioner determines that the amount of funds |
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available under Subsection (a)(1) or (2) does not at least equal the |
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total amount of state funding to which districts would be entitled |
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if state funding under this chapter and Chapter 46 and action |
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required to be taken under Chapter 41 were based on the taxable |
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values of property in school districts computed in accordance with |
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Section 403.302(d)(2), Government Code, the commissioner may, to |
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the extent necessary, provide state funding and require action |
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under Chapter 41 based on a uniform lesser fraction of the deduction |
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under Section 403.302(d)(2), Government Code. |
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SECTION 2. This Act takes effect September 1, 2017. |