88R5467 MM-D
 
  By: Guillen H.B. No. 2393
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the basic allotment and the guaranteed yield under the
  Foundation School Program.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 48.051(a), Education Code, is amended to
  read as follows:
         (a)  For each student in average daily attendance, not
  including the time students spend each day in special education
  programs in an instructional arrangement other than mainstream or
  career and technology education programs, for which an additional
  allotment is made under Subchapter C, a district is entitled to an
  allotment equal to the lesser of $6,360 [$6,160] or the amount that
  results from the following formula:
  A = $6,360 [$6,160] X TR/MCR
  where:
         "A" is the allotment to which a district is entitled;
         "TR" is the district's tier one maintenance and operations
  tax rate, as provided by Section 45.0032; and
         "MCR" is the district's maximum compressed tax rate, as
  determined under Section 48.2551.
         SECTION 2.  Section 48.202(a-1), Education Code, is amended
  to read as follows:
         (a-1)  For purposes of Subsection (a), the dollar amount
  guaranteed level of state and local funds per weighted student per
  cent of tax effort ("GL") for a school district is:
               (1)  the greater of the amount of district tax revenue
  per weighted student per cent of tax effort available to a school
  district at the 96th percentile of wealth per weighted student or
  the amount that results from multiplying $6,360 [6,160], or the
  greater amount provided under Section 48.051(b), if applicable, by
  0.016, for the first eight cents by which the district's
  maintenance and operations tax rate exceeds the district's tier one
  tax rate; and
               (2)  subject to Subsection (f), the amount that results
  from multiplying $6,360 [$6,160], or the greater amount provided
  under Section 48.051(b), if applicable, by 0.008, for the
  district's maintenance and operations tax effort that exceeds the
  amount of tax effort described by Subdivision (1).
         SECTION 3.  This Act takes effect September 1, 2023.