Bill Text: TX HB3375 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to biennial projections of an equivalent equalized wealth level and equalized funding elements.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2017-03-31 - Referred to Public Education [HB3375 Detail]
Download: Texas-2017-HB3375-Introduced.html
By: Thompson of Harris | H.B. No. 3375 |
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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. |