Bill Text: TX SB246 | 2015-2016 | 84th Legislature | Introduced

---

Bill Title: Relating to the basic allotment and the equalized wealth level under the Foundation School Program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-01-28 - Referred to Education [SB246 Detail]

Download: Texas-2015-SB246-Introduced.html

---

84R2612 CAE-F
By: Watson S.B. No. 246

A BILL TO BE ENTITLED
AN ACT
relating to the basic allotment and the equalized wealth level
under the Foundation School Program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 42.101, Education Code, as effective
September 1, 2015, is amended by amending Subsection (a) and adding
Subsection (a-1) to read as follows:
(a) Except as provided by Subsection (a-1), for [For] each
student in average daily attendance, not including the time
students spend each day in special education programs in an
instructional arrangement other than mainstream or career and
technology education programs, for which an additional allotment is
made under Subchapter C, a district is entitled to an allotment
equal to $5,040 [the lesser of $4,765 or the amount that results
from the following formula:
[A = $4,765 X (DCR/MCR)
[where:
["A" is the allotment to which a district is entitled;
["DCR" is the district's compressed tax rate, which is the
product of the state compression percentage, as determined under
Section 42.2516, multiplied by the maintenance and operations tax
rate adopted by the district for the 2005 tax year; and
["MCR" is the state maximum compressed tax rate, which is the
product of the state compression percentage, as determined under
Section 42.2516, multiplied by $1.50].
(a-1) A school district with a maintenance and operations
tax rate less than the rate equal to the product of the state
compression percentage, as determined under Section 42.2516,
multiplied by $1.50 is entitled to a proportion of the allotment
provided under Subsection (a) or (b) equal to the proportion that
the district's maintenance and operations tax rate bears to the tax
rate equal to the product of the state compression percentage, as
determined under Section 42.2516, multiplied by $1.50.
SECTION 2. Section 42.252(a), Education Code, is amended to
read as follows:
(a) Each school district's share of the Foundation School
Program is determined by the following formula:
LFA = TR X DPV
where:
"LFA" is the school district's local share;
"TR" is a tax rate which for each hundred dollars of valuation
is an effective tax rate of the lesser of:
(1) the amount equal to the product of the state
compression percentage, as determined under Section 42.2516,
multiplied by [the lesser of:
[(1)] $1.50; or
(2) the maintenance and operations tax rate adopted by
the district [for the 2005 tax year]; and
"DPV" is the taxable value of property in the school district
for the preceding tax year determined under Subchapter M, Chapter
403, Government Code.
SECTION 3. This Act takes effect September 1, 2015.