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A BILL TO BE ENTITLED
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AN ACT
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relating to funding for an open-enrollment charter school based on |
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the guaranteed level of state and local funds provided to school |
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districts through the existing debt allotment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 12.106, Education Code, is amended by |
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adding Subsection (d) to read as follows: |
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(d) In addition to other amounts provided by this section, a |
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charter holder is entitled to receive, for the open-enrollment |
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charter school, funding per student in average daily attendance in |
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an amount equal to the guaranteed level of state and local funds per |
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student per cent of tax effort under Section 46.032(a) multiplied |
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by the state average interest and sinking fund tax rate imposed by |
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school districts for the current year. |
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SECTION 2. This Act takes effect September 1, 2017. |