Bill Text: TX SB357 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the equalized wealth level and the cost of attendance credits under the public school finance system.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-02-01 - Referred to Education [SB357 Detail]
Download: Texas-2017-SB357-Introduced.html
85R4346 KJE-D | ||
By: Watson | S.B. No. 357 |
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relating to the equalized wealth level and the cost of attendance | ||
credits under the public school finance system. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 41.002, Education Code, is amended by | ||
adding Subsection (a-1) to read as follows: | ||
(a-1) Notwithstanding Section 41.001(3), for purposes of | ||
determining whether a school district's wealth per student exceeds | ||
the wealth per student specified under Subsection (a)(1), the | ||
number of students in weighted average daily attendance in the | ||
district is calculated by dividing the sum of the district's | ||
allotments under Subchapters B and C, Chapter 42, less any | ||
allotment under Section 42.158 or 42.160, by the basic allotment | ||
for the applicable year. | ||
SECTION 2. Section 41.093, Education Code, is amended by | ||
adding Subsection (a-1) to read as follows: | ||
(a-1) Notwithstanding Section 41.001(3), for purposes of | ||
determining under Subsection (a) the cost of a credit to be | ||
purchased by a school district to reduce the district's wealth per | ||
student to an amount that is equal to or less than the equalized | ||
wealth level under Section 41.002(a)(1), the number of students in | ||
weighted average daily attendance in a school district is | ||
calculated by dividing the sum of the district's allotments under | ||
Subchapters B and C, Chapter 42, less any allotment under Section | ||
42.158 or 42.160, by the basic allotment for the applicable year. | ||
SECTION 3. This Act takes effect September 1, 2017. |