By: Thompson of Harris H.B. No. 3375
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to biennial projections of an equivalent equalized wealth
  level and equalized funding elements.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  S
  ection 42.2541, Education Code, is added to
  read as follows:
         Sec. 42.2541.  ESTIMATED PROJECTIONS. Not later than 30 days
  after submission of estimates under Section 42.254, the agency
  shall submit to the legislature projections for an equivalent
  equalized wealth level for the following biennium that is
  commensurate with the comptroller’s estimate of any increase in
  total taxable value of all property in the state under Section
  42.254(a)(2) and the agency’s estimates of student enrollment under
  Section 42.254(a)(1).  The agency also shall provide projections
  for equalized funding elements under Section 42.007 for the
  following biennium commensurate with estimates under Section
  42.254.
         SECTION 2.  This Act takes effect September 1, 2017.