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A BILL TO BE ENTITLED
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AN ACT
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relating to adjustments for school districts participating in |
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social security. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 41, Education Code, is |
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amended to read as follows: |
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Sec. 41.093. COST. (a) Subject to Subsection (b-1), the |
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cost of each credit is an amount equal to the greater of: |
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(1) the amount of the district's maintenance and |
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operations tax revenue per student in weighted average daily |
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attendance for the school year for which the contract is executed; |
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or |
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(2) the amount of the statewide district average of |
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maintenance and operations tax revenue per student in weighted |
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average daily attendance for the school year preceding the school |
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year for which the contract is executed. |
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(b) For purposes of this section, a school district's |
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maintenance and operations tax revenue does not include any amounts |
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paid into a tax increment fund under Chapter 311, Tax Code or the |
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amount the district is required to provide social security |
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coverage, as defined by Section 606.001, Government Code, for |
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district employees. |