88R10374 MEW-D
 
  By: Goodwin H.B. No. 3454
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the distribution to school districts of certain excess
  funds appropriated for the Foundation School Program.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter F, Chapter 48, Education Code, is
  amended by adding Section 48.282 to read as follows:
         Sec. 48.282.  DISTRIBUTION OF EXCESS FUNDS. Notwithstanding
  any other provision of law, not later than September 1 of any year
  following a school year in which the commissioner determines that
  the amount appropriated for purposes of the Foundation School
  Program exceeded the amount to which school districts were entitled
  under this chapter, the commissioner shall:
               (1)  notify the Legislative Budget Board of the excess
  funds; and
               (2)  distribute the excess funds, less the amount
  required to comply with Section 48.265, as determined by the
  commissioner, to each school district in an equal amount per
  student in weighted average daily attendance for the previous
  school year.
         SECTION 2.  This Act takes effect September 1, 2023.