S.B. No. 1658
 
 
 
 
AN ACT
  relating to the effect of certain state aid on school districts
  required to take action to equalize wealth under the school finance
  system.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  The heading to Section 41.0041, Education Code,
  is amended to read as follows:
         Sec. 41.0041.  EFFECT OF [ADDITIONAL] STATE AID [FOR TAX
  REDUCTION].
         SECTION 2.  Subsections (b), (c), and (d), Section 41.0041,
  Education Code, are amended to read as follows:
         (b)  When the commissioner initially identifies a school
  district under Section 41.004 as having a wealth per student for a
  school year that exceeds the equalized wealth level, the
  commissioner shall estimate:
               (1)  the amount of state revenue to which the district
  is entitled under Chapter 42 [Section 42.2516] for that school
  year; and
               (2)  the cost to the district to purchase attendance
  credits under Subchapter D in an amount sufficient to reduce the
  district's wealth per student to the equalized wealth level for
  that school year.
         (c)  If the commissioner determines that the amount
  described by Subsection (b)(1) exceeds the amount described by
  Subsection (b)(2), the commissioner shall notify the district of
  the commissioner's determination.  In lieu of exercising an option
  described by Section 41.003, the district's board of trustees may
  authorize the commissioner to withhold from the state revenue to
  which the district is entitled under Chapter 42 [Section 42.2516]
  an amount equal to the amount described by Subsection (b)(2).
         (d)  In calculating the amount of state revenue to be
  withheld from a school district under this section, the
  commissioner shall calculate the cost for the district to reduce
  the district's wealth per student to the equalized wealth level
  using the final attendance and tax rate data for the school year and
  shall award the district any available credit or discount under
  Subchapter D as if the district had exercised the option under
  Section 41.003(3) in a timely manner.  If the final amount
  calculated for the cost for the district to reduce the district's
  wealth per student to the equalized wealth level for a school year
  exceeds the amount of state revenue to which the district is
  entitled under Chapter 42 [Section 42.2516] for that year:
               (1)  the commissioner shall:
                     (A)  withhold the entire amount of state revenue
  to which the district is entitled under Chapter 42 [Section
  42.2516] for that year; and
                     (B)  withhold the additional amount of the cost
  for the district to reduce the district's wealth per student to the
  equalized wealth level for that year from the state revenue to which
  the district is entitled under Chapter 42 [Section 42.2516] for a
  subsequent school year, or if the additional amount exceeds the
  amount of state revenue to which the district is entitled, add the
  difference to the cost of the attendance credits that the district
  must purchase in the subsequent year; and
               (2)  the district is not required to take any further
  action to reduce its wealth per student for that year.
         SECTION 3.  Subsection (a), Section 57.32, Chapter 4 (S.B.
  1), Acts of the 82nd Legislature, 1st Called Session, 2011, is
  amended to read as follows:
         (a)  Effective September 1, 2017, the following provisions
  of the Education Code are repealed:
               (1)  [Section 41.0041;
               [(2)]  Subsections (b), (b-1), (b-2), (c), (d), (e),
  (f), (f-1), (f-2), (f-3), and (i), Section 42.2516;
               (2)  [(3)]  Section 42.25161;
               (3)  [(4)]  Subsection (c), Section 42.2523;
               (4)  [(5)]  Subsection (g), Section 42.2524;
               (5)  [(6)]  Subsection (c-1), Section 42.253; and
               (6)  [(7)]  Section 42.261.
         SECTION 4.  This Act takes effect September 1, 2013.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 1658 passed the Senate on
  April 25, 2013, by the following vote:  Yeas 30, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 1658 passed the House on
  May 22, 2013, by the following vote:  Yeas 148, Nays 0, two
  present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor