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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) If a school |
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district elects to pay for attendance credit purchased in the |
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manner provided by Section 49.154(a)(2), the total amount required |
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under Section 49.153 for the district to purchase credit under this |
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subchapter for any school year is reduced at a rate of one percent |
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for each full 30-day period remaining until August 15 of the school |
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year for which the agreement is in effect on the date the district |
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pays in one payment the total amount required to be paid by the |
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district. |
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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, 2025. |