Bill Text: TX HB1206 | 2023-2024 | 88th Legislature | Engrossed
Bill Title: Relating to a determination of a school district's assets to liabilities ratio under the public school financial accountability rating system.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Engrossed - Dead) 2023-05-18 - Left pending in committee [HB1206 Detail]
Download: Texas-2023-HB1206-Engrossed.html
| 88R786 GCB-F | ||
| By: Guillen, DeAyala | H.B. No. 1206 | |
|
|
||
|
|
||
| relating to a determination of a school district's assets to | ||
| liabilities ratio under the public school financial accountability | ||
| rating system. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 39.082(c), Education Code, is amended to | ||
| read as follows: | ||
| (c) The system may not include an indicator under Subsection | ||
| (b) or any other performance measure that: | ||
| (1) requires a school district to spend at least 65 | ||
| percent or any other specified percentage of district operating | ||
| funds for instructional purposes; [ |
||
| (2) lowers the financial management performance | ||
| rating of a school district for failure to spend at least 65 percent | ||
| or any other specified percentage of district operating funds for | ||
| instructional purposes; or | ||
| (3) for a school district required to reduce its local | ||
| revenue level under Section 48.257, includes in determining the | ||
| district's ratio of assets to liabilities any amount required to be | ||
| expended by the district to comply with Chapter 49. | ||
| SECTION 2. This Act applies beginning with the 2023-2024 | ||
| school year. | ||
| SECTION 3. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2023. | ||
