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A BILL TO BE ENTITLED
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AN ACT
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relating to a reduction of the amount required to be paid by certain |
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school districts to achieve the equalized wealth level under the |
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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 41, Education Code, is |
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amended by adding Section 41.0933 to read as follows: |
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Sec. 41.0933. REDUCTION FOR LOSS OF FORMER FUNDING. (a) |
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This section applies only to a school district that for the current |
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school year would have been entitled to receive additional state |
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aid for tax reduction under Section 42.2516, as that section |
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existed January 1, 2017. |
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(b) Notwithstanding any other provision of this chapter, a |
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school district that executes an agreement to purchase all |
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attendance credits necessary to reduce the district's wealth per |
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student to the equalized wealth level may reduce the total amount |
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required to be paid for attendance credits under Section 41.093 for |
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a school year by the amount of additional state aid for tax |
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reduction that the district would have been entitled to receive for |
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that school year under Section 42.2516, as that section existed |
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January 1, 2017. |
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(c) A reduction under Subsection (b) is in addition to any |
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other reduction to which the district is entitled under this code. |
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(d) In implementing this section, the commissioner shall |
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make determinations regarding additional state aid for tax |
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reduction under Section 42.2516, as that section existed January 1, |
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2017, using the percentage reduction for purposes of former Section |
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42.2516(i) specified by appropriation for the 2016-2017 school |
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year. |
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(e) This section expires September 1, 2019. |
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SECTION 2. This Act takes effect September 1, 2017, if it |
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receives a vote of two-thirds of all the members elected to each |
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house, as provided by Section 39, Article III, Texas Constitution. |
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If this Act does not receive the vote necessary for effect on that |
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date, this Act takes effect on the 91st day after the last day of the |
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legislative session. |