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A BILL TO BE ENTITLED
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AN ACT
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relating to instructional facilities funding for certain |
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open-enrollment charter schools. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 12.106(a-2) and (d), Education Code, |
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are amended to read as follows: |
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(a-2) In addition to the funding provided by Subsection (a), |
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a charter holder is entitled to receive for the open-enrollment |
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charter school an allotment per student in average daily attendance |
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in an amount equal to the difference between: |
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(1) the product of: |
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(A) the quotient of: |
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(i) the total amount of funding provided to |
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eligible school districts under Section 48.101(b) or (c); and |
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(ii) the total number of students in |
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average daily attendance in school districts that receive an |
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allotment under Section 48.101(b) or (c); and |
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(B) the sum of one and the quotient of: |
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(i) the total number of students in average |
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daily attendance in school districts that receive an allotment |
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under Section 48.101(b) or (c); and |
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(ii) the total number of students in |
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average daily attendance in school districts statewide; and |
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(2) $460 [$125]. |
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(d) Subject to Subsection (e), in addition to other amounts |
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provided by this section, a charter holder is entitled to receive, |
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for the open-enrollment charter school, an annual allotment |
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[funding] per student in average daily attendance [in an amount] |
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equal to the basic allotment under Section 48.051 [guaranteed level |
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of state and local funds per student per cent of tax effort under |
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Section 46.032(a)] multiplied by 0.04 [the lesser of: |
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[(1) the state average interest and sinking fund tax rate |
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imposed by school districts for the current year; or |
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[(2) a rate that would result in a total amount to which |
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charter schools are entitled under this subsection for the current |
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year equal to $60 million]. |
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SECTION 2. This Act takes effect on the 91st day after the |
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last day of the legislative session. |