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A BILL TO BE ENTITLED
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AN ACT
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relating to a credit for prepayment of the amount required to be |
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paid by a school district for the purchase of attendance credit |
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under the public school finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 49, Education Code, is |
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amended by adding Section 49.1541 to read as follows: |
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Sec. 49.1541. CREDIT FOR PREPAYMENT. (a) The total amount |
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required under Section 49.153 for a school district to purchase |
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attendance credit under this subchapter for any school year is |
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reduced by 10 percent if the district: |
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(1) elects to pay for credit purchased in the manner |
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provided by Section 49.154(a)(2); and |
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(2) pays the total amount required to be paid by the |
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district not later than February 15 of the school year for which the |
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agreement is in effect. |
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(b) A reduction under Subsection (a) shall be made after |
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making any reduction to which the district is entitled under |
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Section 49.157 or another provision of this chapter. |
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SECTION 2. This Act takes effect September 1, 2023. |