| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to biennial projections of an equivalent equalized wealth |
|
|
level and equalized funding elements. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. S |
|
|
ection 42.2541, Education Code, is added to |
|
|
read as follows: |
|
|
Sec. 42.2541. ESTIMATED PROJECTIONS. Not later than 30 days |
|
|
after submission of estimates under Section 42.254, the agency |
|
|
shall submit to the legislature projections for an equivalent |
|
|
equalized wealth level for the following biennium that is |
|
|
commensurate with the comptroller’s estimate of any increase in |
|
|
total taxable value of all property in the state under Section |
|
|
42.254(a)(2) and the agency’s estimates of student enrollment under |
|
|
Section 42.254(a)(1). The agency also shall provide projections |
|
|
for equalized funding elements under Section 42.007 for the |
|
|
following biennium commensurate with estimates under Section |
|
|
42.254. |
|
|
SECTION 2. This Act takes effect September 1, 2017. |