| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the use of revenue received as a result of the purchase |
|
|
of attendance credits to supplement the basic allotment under the |
|
|
public school finance system. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter A, Chapter 41, Education Code, is |
|
|
amended by adding Section 41.0012 to read as follows: |
|
|
Sec. 41.0012. EXCLUSION OF CERTAIN REVENUE. |
|
|
Notwithstanding Section 41.001(3), in making any determination |
|
|
necessary for purposes of this chapter, the commissioner shall |
|
|
exclude the portion of the basic allotment under Section 42.101 |
|
|
that is funded using revenue available to the state as a result of |
|
|
attendance credits purchased under Subchapter D. |
|
|
SECTION 2. Section 41.094(b), Education Code, is amended to |
|
|
read as follows: |
|
|
(b) Receipts shall be deposited in the state treasury and |
|
|
may be used only to increase the basic allotment as provided by |
|
|
Section 42.101(b-1) [for foundation school program purposes]. |
|
|
SECTION 3. Section 42.101, Education Code, is amended by |
|
|
adding Subsection (b-1) to read as follows: |
|
|
(b-1) The legislature shall determine the greatest initial |
|
|
amount that can be provided for the basic allotment under |
|
|
Subsection (b) without using revenue projected to be available to |
|
|
the state as a result of attendance credits purchased under |
|
|
Subchapter D, Chapter 41. The initial amount of the basic allotment |
|
|
may not be less than the initial amount of the basic allotment for |
|
|
the second year of the preceding state fiscal biennium. After |
|
|
making the determination required by this subsection, the |
|
|
legislature shall use all revenue projected to be available to the |
|
|
state as a result of attendance credits purchased under Subchapter |
|
|
D, Chapter 41, to increase the initial amount determined under this |
|
|
subsection. The General Appropriations Act must specify the amount |
|
|
by which the initial amount of the basic allotment was increased |
|
|
using revenue projected to be available to the state as a result of |
|
|
attendance credits purchased under Subchapter D, Chapter 41. |
|
|
SECTION 4. The initial amount of the basic allotment to |
|
|
which a school district is entitled for the 2018-2019 state fiscal |
|
|
biennium, as provided by Section 42.101, Education Code, as amended |
|
|
by this Act, may not be an amount that is less than the amount of the |
|
|
basic allotment to which the school district is entitled for the |
|
|
state fiscal year beginning September 1, 2016. |
|
|
SECTION 5. This Act takes effect September 1, 2017. |