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A BILL TO BE ENTITLED
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AN ACT
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relating to a reduction in school funding under the Foundation |
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School Program for a school district that receives a supplemental |
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payment under an agreement to limit the appraised value of property |
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in the district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 42, Education Code, is |
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amended by adding Section 42.2533 to read as follows: |
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Sec. 42.2533. ADJUSTMENT FOR CERTAIN SUPPLEMENTAL |
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PAYMENTS. (a) The commissioner shall reduce the amounts due to a |
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school district under this chapter or Chapter 46 by the amount of |
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any supplemental payment received by the district during the |
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preceding fiscal year under Section 313.027(i), Tax Code. |
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(b) Not later than March 1 each year, the board of trustees |
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of a school district shall disclose to the commissioner the amount |
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of a supplemental payment subject to Subsection (a). |
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SECTION 2. This Act takes effect September 1, 2019. |