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A BILL TO BE ENTITLED
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AN ACT
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relating to a determination of a school district's assets to |
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liabilities ratio under the public school financial accountability |
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rating system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.082(c), Education Code, is amended to |
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read as follows: |
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(c) The system may not include an indicator under Subsection |
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(b) or any other performance measure that: |
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(1) requires a school district to spend at least 65 |
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percent or any other specified percentage of district operating |
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funds for instructional purposes; [or] |
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(2) lowers the financial management performance |
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rating of a school district for failure to spend at least 65 percent |
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or any other specified percentage of district operating funds for |
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instructional purposes; or |
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(3) for a school district required to reduce its local |
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revenue level under Section 48.257, includes in determining the |
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district's ratio of assets to liabilities any amount required to be |
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expended by the district to comply with Chapter 49. |
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SECTION 2. This Act applies beginning with the 2023-2024 |
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school year. |
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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, 2023. |