85R11926 KKA-D
 
  By: González of El Paso H.B. No. 2706
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an adjustment under the public school finance system
  for optional homestead exemptions.
         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 may not provide
  funding under this chapter or Chapter 46 or make determinations
  regarding action required under Chapter 41 based on a school
  district's taxable value of property computed in accordance with
  Section 403.302(d)(2), Government Code, 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 and Chapter 46 and action
  required to be taken under Chapter 41 were based on the taxable
  values of property in school districts computed in accordance with
  Section 403.302(d)(2), Government Code, the commissioner may, to
  the extent necessary, provide state funding and require action
  under Chapter 41 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, 2017.