Bill Text: TX SB1722 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to instructional facilities funding for certain open-enrollment charter schools.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-16 - Referred to Education [SB1722 Detail]

Download: Texas-2023-SB1722-Introduced.html

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By: Paxton S.B. No. 1722

A BILL TO BE ENTITLED
AN ACT
relating to instructional facilities funding for certain
open-enrollment charter schools.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 12.106(d), Education Code, is amended to
read as follows:
(d) Subject to Subsection (e), in addition to other amounts
provided by this section, a charter holder is entitled to receive,
for the open-enrollment charter school, funding per student in
average daily attendance in an amount equal to the guaranteed level
of state and local funds per student per cent of tax effort under
Section 46.032(a) multiplied by the lesser of:
(1) the state average interest and sinking fund tax
rate imposed by school districts for the current year; or
(2) a rate that would result in a total amount to
which charter schools are entitled under this subsection for the
current year equal to $60 million $90 million.
SECTION 2. This Act takes effect September 1, 2023.