Bill Text: TX SB647 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to a transportation allotment credit for school districts required to take action to reduce wealth per student and inclusion of the cost of education adjustment in the computation of weighted average daily attendance.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-02-13 - Referred to Education [SB647 Detail]
Download: Texas-2017-SB647-Introduced.html
85R2172 CAE-D | ||
By: Seliger | S.B. No. 647 |
|
||
|
||
relating to a transportation allotment credit for school districts | ||
required to take action to reduce wealth per student and inclusion | ||
of the cost of education adjustment in the computation of weighted | ||
average daily attendance. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 42.155, Education Code, is amended by | ||
adding Subsection (m) to read as follows: | ||
(m) A school district that is required to take action under | ||
Chapter 41 to reduce its wealth per student to the equalized wealth | ||
level is entitled to a credit, in the amount of the allotments to | ||
which the district is entitled under this section, against the | ||
total amount required under Section 41.093 for the district to | ||
purchase attendance credits. The commissioner may adopt rules | ||
necessary to implement this subsection. | ||
SECTION 2. Section 42.302(a), Education Code, is amended to | ||
read as follows: | ||
(a) Each school district is guaranteed a specified amount | ||
per weighted student in state and local funds for each cent of tax | ||
effort over that required for the district's local fund assignment | ||
up to the maximum level specified in this subchapter. The amount | ||
of state support, subject only to the maximum amount under Section | ||
42.303, is determined by the formula: | ||
GYA = (GL X WADA X DTR X 100) - LR | ||
where: | ||
"GYA" is the guaranteed yield amount of state funds to be | ||
allocated to the district; | ||
"GL" is the dollar amount guaranteed level of state and local | ||
funds per weighted student per cent of tax effort, which is an | ||
amount described by Subsection (a-1) or a greater amount for any | ||
year provided by appropriation; | ||
"WADA" is the number of students in weighted average daily | ||
attendance, which is calculated by dividing the sum of the school | ||
district's allotments under Subchapters B and C, less any allotment | ||
to the district for transportation and [ |
||
Section 42.158 or 42.160, [ |
||
|
||
"DTR" is the district enrichment tax rate of the school | ||
district, which is determined by subtracting the amounts specified | ||
by Subsection (b) from the total amount of maintenance and | ||
operations taxes collected by the school district for the | ||
applicable school year and dividing the difference by the quotient | ||
of the district's taxable value of property as determined under | ||
Subchapter M, Chapter 403, Government Code, or, if applicable, | ||
under Section 42.2521, divided by 100; and | ||
"LR" is the local revenue, which is determined by multiplying | ||
"DTR" by the quotient of the district's taxable value of property as | ||
determined under Subchapter M, Chapter 403, Government Code, or, if | ||
applicable, under Section 42.2521, divided by 100. | ||
SECTION 3. This Act takes effect September 1, 2017. |