Bill Text: TX HB132 | 2023 | 88th Legislature 3rd Special Session | Introduced
Bill Title: Relating to a credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2023-10-11 - Filed [HB132 Detail]
Download: Texas-2023-HB132-Introduced.html
88S30085 MEW-D | ||
By: Guillen | H.B. No. 132 |
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relating to a credit for prepayment of the amount required to be | ||
paid by a school district for the purchase of attendance credit | ||
under the public school finance system. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter D, Chapter 49, Education Code, is | ||
amended by adding Section 49.1541 to read as follows: | ||
Sec. 49.1541. CREDIT FOR PREPAYMENT. (a) If a school | ||
district elects to pay for attendance credit purchased in the | ||
manner provided by Section 49.154(a)(2), the total amount required | ||
under Section 49.153 for the district to purchase credit under this | ||
subchapter for any school year is reduced at a rate of one percent | ||
for each full 30-day period remaining until August 15 of the school | ||
year for which the agreement is in effect on the date the district | ||
pays in one payment the total amount required to be paid by the | ||
district. | ||
(b) A reduction under Subsection (a) shall be made after | ||
making any reduction to which the district is entitled under | ||
Section 49.157 or another provision of this chapter. | ||
SECTION 2. This Act takes effect on the 91st day after the | ||
last day of the legislative session. |