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A BILL TO BE ENTITLED
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AN ACT
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relating to reporting by the Texas Education Agency and the |
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comptroller on school finance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 48, Education Code, is |
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amended by adding Section 48.011 to read as follows: |
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Sec. 48.011. SCHOOL FINANCE REPORT. (a) Not later than |
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December 31, 2025, the agency and the comptroller shall jointly |
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prepare and submit to the legislature a report on school finance |
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since the state fiscal year beginning September 1, 1994. |
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(b) The report must include for each state fiscal year |
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covered by the report: |
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(1) the amount appropriated for school finance for |
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that fiscal year from each source of funding, including |
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differentiating: |
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(A) the amount collected from school districts |
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under Chapter 49 or former Chapter 41; |
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(B) amounts disbursed from the Foundation |
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Schools Program; and |
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(C) and amounts disbursed from the state general |
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fund; |
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(2) the items for which the money was spent, |
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including: |
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(A) administrative costs, both in total and |
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disaggregated by type of cost; and |
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(B) distribution to school districts and |
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open-enrollment charter schools; |
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(3) the amount, if any, transferred to or used for |
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another purpose, including each purpose for which the money was |
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transferred or used; and |
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(4) the amount, if any, not spent for that fiscal year |
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and retained by the agency. |
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(c) This section expires September 1, 2026. |
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SECTION 2. Section 48.273, Subchapter F, Chapter 48, |
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Education Code, is amended by adding Subsection (h) to read as |
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follows: |
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(h) All reporting pertaining to the Foundation School |
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Program and any other education funding shall, regardless of use, |
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reflect all funds collected under Chapter 49 or former Chapter 41 as |
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"local recapture funding" and be differentiated from "state |
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funding" in all reports. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |