Bill Text: TX HB21 | 2023 | 88th Legislature 4th Special Session | Introduced

Texas House Bill 21 (Prior Session Legislation)

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.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2023-11-07 - Filed [HB21 Detail]

Download: Texas-2023-HB21-Introduced.html

	88S40004 MEW-D

	By: Guillen	H.B. No. 21



	A BILL TO BE ENTITLED
	AN ACT
	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.