Bill Text: TX SB980 | 2023-2024 | 88th Legislature | Introduced

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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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-03 - Referred to Education [SB980 Detail]

Download: Texas-2023-SB980-Introduced.html

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88R782 MEW-D
By: Paxton S.B. No. 980

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) The total amount
required under Section 49.153 for a school district to purchase
attendance credit under this subchapter for any school year is
reduced by 10 percent if the district:
(1) elects to pay for credit purchased in the manner
provided by Section 49.154(a)(2); and
(2) pays the total amount required to be paid by the
district not later than February 15 of the school year for which the
agreement is in effect.
(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 September 1, 2023.