Bill Text: TX SB1728 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the dedication of surplus money in the foundation school fund to reduce school district maintenance and operations ad valorem taxes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-16 - Referred to Education [SB1728 Detail]
Download: Texas-2023-SB1728-Introduced.html
88R8540 KJE-D | ||
By: Hancock | S.B. No. 1728 |
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relating to the dedication of surplus money in the foundation | ||
school fund to reduce school district maintenance and operations ad | ||
valorem taxes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter F, Chapter 48, Education Code, is | ||
amended by adding Section 48.2722 to read as follows: | ||
Sec. 48.2722. DEDICATION OF SURPLUS FUNDS. If the amount | ||
appropriated to the foundation school fund for a state fiscal year | ||
exceeds the amount to which school districts are entitled to | ||
receive under Chapter 46 and this chapter for that fiscal year, the | ||
excess amount may be appropriated only to provide property tax | ||
relief by reducing the state compression percentage under Section | ||
48.255. | ||
SECTION 2. This Act takes effect September 1, 2023. |