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A BILL TO BE ENTITLED
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AN ACT
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relating to the reduction of school district property taxes as a |
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result of the school facilities allotment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Section 46.009, Education Code, |
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and Subsection (d) is amended to read as follows: |
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Sec.46.009. REDUCTION OF SCHOOL DISTRICT PROPERTY TAXES AS |
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RESULT [PAYMENT] OF SCHOOL FACILITY ALLOTMENT [FACILITIES |
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ALLOTMENTS]. |
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(a) For each school year, the commissioner shall determine |
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the amount of money to which each school district is entitled under |
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this subchapter. |
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(b) If the amount appropriated for purposes of this |
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subchapter for a year is less than the total amount determined under |
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Subsection (a) for that year, the commissioner shall: |
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(1) transfer from the Foundation School Program to the |
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instructional facilities program the amount by which the total |
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amount determined under Subsection (a) exceeds the amount |
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appropriated; and |
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(2) reduce each district's foundation school fund |
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allocations in the manner provided by Section 42.253(h). |
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(c) Warrants for payments under this subchapter shall be |
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approved and transmitted to school district treasurers or |
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depositories in the same manner as warrants for payments under |
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Chapter 42. |
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(d) As soon as practicable after September 1 of each year, |
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the commissioner shall distribute to each school district the |
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amount of state assistance under this subchapter to which the |
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commissioner has determined the district is entitled for the school |
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year. The district shall deposit the money in the interest and |
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sinking fund for the bonds for which the assistance is received.and |
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The district shall adopt aand reduce the tax rate for purposes of |
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debt service that takes into account the balance of the interest and |
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sinking fund. |
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(e) Section 42.258 applies to payments under this |
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subchapter. |
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(f) If a school district would have received a greater |
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amount under this subchapter for the applicable school year using |
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the adjusted value determined under Section 42.257, the |
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commissioner shall add the difference between the adjusted value |
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and the amount the district received under this subchapter to |
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subsequent distributions to the district under this subchapter. |
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SECTION 2. 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, 2021. |