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  85R6566 CAE-F
 
  By: Campbell S.B. No. 457
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to funding for an open-enrollment charter school based on
  the guaranteed level of state and local funds provided to school
  districts through the existing debt allotment.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 12.106, Education Code, is amended by
  adding Subsection (d) to read as follows:
         (d)  In addition to other amounts provided by this section, a
  charter holder is entitled to receive, for the open-enrollment
  charter school, funding per student in average daily attendance in
  an amount equal to the guaranteed level of state and local funds per
  student per cent of tax effort under Section 46.032(a) multiplied
  by the state average interest and sinking fund tax rate imposed by
  school districts for the current year.
         SECTION 2.  This Act takes effect September 1, 2017.