Bill Text: TX SB81 | 2021 | 87th Legislature 2nd Special Session | Introduced


Bill Title: Relating to the deposit of certain constitutionally dedicated money to the credit of the tax reduction and excellence in education fund and the use of that money.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-08-17 - Filed [SB81 Detail]

Download: Texas-2021-SB81-Introduced.html
 
 
  By: Paxton S.B. No. 81
 
 
 
   
 
 
A BILL TO BE ENTITLED
 
AN ACT
         relating to the deposit of certain constitutionally
  dedicated money to the credit of the tax reduction and excellence in
  education fund and the use of that money.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 47, Education Code, is amended by adding
  Section 47.0045 to read as follows:
         Section 47.004, Education Code, is amended to read as
  follows:
         Sec. 47.0045.  DEPOSIT AND USE OF CERTAIN MONEY DEDICATED
  FOR SCHOOL DISTRICT AD VALOREM TAX RATE REDUCTION. (a) The
  comptroller shall deposit to the credit of the fund money described
  by Section 7-e(a) Article VIII, Texas Constitution.
         (b)  Money deposited to the fund under this section and
  appropriated to the agency under Section 7-e, Article VIII, Texas
  Constitution, may be used only for the purpose of reducing the state
  compression percentage under Section 48.255.
         SECTION 2.  This Act takes effect January 1, 2023, but only
  if the constitutional amendment proposed by the 87th Legislature,
  2nd Called Session, 2021, providing for the appropriation of
  certain surplus state revenue for the purpose of reducing school
  district maintenance and operations ad valorem taxes is approved by
  the voters. If that amendment is not approved by the voters, this
  Act has no effect.
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