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A BILL TO BE ENTITLED
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AN ACT
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relating to the state's contribution to the financing of public |
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education. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 42.001, Education Code, is amended by |
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adding Subsection (c) to read as follows: |
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(c) It is the policy of this state that the state's |
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contribution to the financing of public education should not |
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decrease as a result of an increase in local property values. To |
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further that policy, the legislature shall provide in the General |
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Appropriations Act for a basic allotment under Section 42.101 and a |
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guaranteed level of state and local funds per weighted student per |
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cent of tax effort under Section 42.302 that are sufficient to |
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result in at least a level of state expenditure equal to the state's |
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expenditure for the preceding biennium. |
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SECTION 2. Chapter 46, Education Code, is amended by adding |
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Subchapter E to read as follows: |
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SUBCHAPTER E. STATE POLICY |
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Sec. 46.101. STATE POLICY. It is the policy of this state |
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that the state's assistance in the financing of instructional |
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facilities and payment of existing debt should not decrease as a |
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result of an increase in local property values. To further that |
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policy, the legislature shall provide in the General Appropriations |
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Act for a guaranteed level of state and local funds per student per |
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cent of tax effort under Sections 46.003 and 46.032 that are |
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sufficient to result in at least a level of state expenditure under |
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this chapter equal to the state's expenditure under this chapter |
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for the preceding biennium. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2017. |