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AN ACT
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relating to eligibility of school districts for state assistance |
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with payment of existing debt. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 42.2516, Education Code, is amended by |
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amending Subsection (b) and adding Subsection (b-1) to read as |
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follows: |
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(b) Subject to Subsections (b-1), (g), and (h), but |
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notwithstanding any other provision of this title, a school |
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district is entitled to state revenue necessary to provide the |
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district with the sum of: |
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(1) the amount of state revenue necessary to maintain |
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state and local revenue per student in weighted average daily |
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attendance in the amount equal to the greater of: |
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(A) the amount of state and local revenue per |
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student in weighted average daily attendance for the maintenance |
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and operations of the district available to the district for the |
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2005-2006 school year; |
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(B) the amount of state and local revenue per |
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student in weighted average daily attendance for the maintenance |
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and operations of the district to which the district would have been |
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entitled for the 2006-2007 school year under this chapter, as it |
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existed on January 1, 2006, or, if the district would have been |
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subject to Chapter 41, as that chapter existed on January 1, 2006, |
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the amount to which the district would have been entitled under that |
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chapter, based on the funding elements in effect for the 2005-2006 |
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school year, if the district imposed a maintenance and operations |
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tax at the rate adopted by the district for the 2005 tax year; or |
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(C) the amount of state and local revenue per |
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student in weighted average daily attendance for the maintenance |
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and operations of the district to which the district would have been |
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entitled for the 2006-2007 school year under this chapter, as it |
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existed on January 1, 2006, or, if the district would have been |
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subject to Chapter 41, as that chapter existed on January 1, 2006, |
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the amount to which the district would have been entitled under that |
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chapter, based on the funding elements in effect for the 2005-2006 |
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school year, if the district imposed a maintenance and operations |
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tax at the rate equal to the rate described by Section 26.08(i) or |
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(k)(1), Tax Code, as applicable, for the 2006 tax year; |
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(2) an amount equal to the product of $2,500 |
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multiplied by the number of classroom teachers, full-time |
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librarians, full-time counselors certified under Subchapter B, |
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Chapter 21, and full-time school nurses employed by the district |
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and entitled to a minimum salary under Section 21.402; and |
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(3) an amount equal to the product of $275 multiplied |
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by the number of students in average daily attendance in grades nine |
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through 12 in the district. |
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(b-1) The amount determined for a school district under |
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Subsection (b) is increased or reduced as follows: |
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(1) if for any school year the district is entitled to |
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a greater allotment under Section 42.158 than the allotment to |
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which the district was entitled under that section for the school |
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year on which the district's entitlement under Subsection (b) is |
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based, the district's entitlement under Subsection (b) is increased |
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by an amount equal to the difference between the amount to which the |
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district is entitled under Section 42.158 for that school year and |
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the amount to which the district was entitled under that section |
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for: |
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(A) the 2005-2006 school year, if the amount |
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determined for the district under Subsection (b) is determined |
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under Subsection (b)(1)(A); or |
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(B) the 2006-2007 school year, if the amount |
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determined for the district under Subsection (b) is determined |
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under Subsection (b)(1)(B) or (C); and |
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(2) if for any school year the district is not entitled |
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to an allotment under Section 42.158 or is entitled to a lesser |
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allotment under that section than the allotment to which the |
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district was entitled under that section for the school year on |
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which the district's entitlement under Subsection (b) is based, the |
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district's entitlement under Subsection (b) is reduced by an amount |
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equal to the difference between the amount to which the district was |
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entitled under Section 42.158 for the 2005-2006 or 2006-2007 school |
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year, as appropriate based on whether the district's entitlement |
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under Subsection (b) is determined under Subsection (b)(1)(A), (B), |
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or (C), and the amount to which the district is entitled under |
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Section 42.158 for the current school year. |
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SECTION 2. Section 46.033, Education Code, is amended to |
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read as follows: |
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Sec. 46.033. ELIGIBLE BONDS. Bonds, including bonds issued |
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under Section 45.006, are eligible to be paid with state and local |
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funds under this subchapter if: |
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(1) the district made payments on the bonds during the |
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2006-2007 [2004-2005] school year or taxes levied to pay the |
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principal of and interest on the bonds were included in the |
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district's audited debt service collections for that school year; |
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and |
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(2) the district does not receive state assistance |
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under Subchapter A for payment of the principal and interest on the |
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bonds. |
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SECTION 3. Section 46.034(c), Education Code, is amended to |
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read as follows: |
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(c) If the amount required to pay the principal of and |
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interest on eligible bonds in a school year is less than the amount |
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of payments made by the district on the bonds during the 2006-2007 |
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[2004-2005] school year or the district's audited debt service |
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collections for that school year, the district may not receive aid |
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in excess of the amount that, when added to the district's local |
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revenue for the school year, equals the amount required to pay the |
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principal of and interest on the bonds. |
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SECTION 4. This Act takes effect September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1922 was passed by the House on April |
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17, 2007, by the following vote: Yeas 141, Nays 0, 2 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 1922 on May 14, 2007, by the following vote: Yeas 141, Nays 0, |
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2 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1922 was passed by the Senate, with |
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amendments, on May 8, 2007, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |