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A BILL TO BE ENTITLED
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AN ACT
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relating to a severance payment to a superintendent of a school |
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district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.201(c), Education Code, is amended to |
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read as follows: |
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(c) For purposes of this subsection, "severance payment" |
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means any amount paid by the board of trustees of an independent |
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school district to or in behalf of a superintendent on early |
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termination of the superintendent's contract that exceeds the |
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amount earned by the superintendent under the contract as of the |
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date of termination, including any amount that exceeds the amount |
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of earned standard salary and benefits that is paid as a condition |
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of early termination of the contract. The board of trustees may not |
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make a severance payment to a superintendent in an amount greater |
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than six months' salary and benefits under the superintendent's |
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terminated contract. The board of trustees that makes a severance |
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payment to a superintendent shall report the terms of the severance |
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payment to the commissioner. The commissioner shall reduce the |
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district's Foundation School Program funds by any amount that the |
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amount of the severance payment to the superintendent exceeds an |
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amount equal to six months' [one year's] salary and benefits under |
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the superintendent's terminated contract. The commissioner may |
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adopt rules as necessary to administer this subsection. |
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SECTION 2. Section 11.201(c), Education Code, as amended by |
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this Act, applies only to a severance payment made by the board of |
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trustees of an independent school district to a superintendent |
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under an agreement entered into on or after the effective date of |
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this Act. A severance payment made by the board of trustees of an |
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independent school district to a superintendent under an agreement |
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entered into before the effective date of this Act is governed by |
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the law in effect at the time the agreement was made, and that law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2023. |