Bill Text: TX SB357 | 2017-2018 | 85th Legislature | Introduced

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Bill Title: Relating to the equalized wealth level and the cost of attendance credits under the public school finance system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-02-01 - Referred to Education [SB357 Detail]

Download: Texas-2017-SB357-Introduced.html

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85R4346 KJE-D
By: Watson S.B. No. 357

A BILL TO BE ENTITLED
AN ACT
relating to the equalized wealth level and the cost of attendance
credits under the public school finance system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 41.002, Education Code, is amended by
adding Subsection (a-1) to read as follows:
(a-1) Notwithstanding Section 41.001(3), for purposes of
determining whether a school district's wealth per student exceeds
the wealth per student specified under Subsection (a)(1), the
number of students in weighted average daily attendance in the
district is calculated by dividing the sum of the district's
allotments under Subchapters B and C, Chapter 42, less any
allotment under Section 42.158 or 42.160, by the basic allotment
for the applicable year.
SECTION 2. Section 41.093, Education Code, is amended by
adding Subsection (a-1) to read as follows:
(a-1) Notwithstanding Section 41.001(3), for purposes of
determining under Subsection (a) the cost of a credit to be
purchased by a school district to reduce the district's wealth per
student to an amount that is equal to or less than the equalized
wealth level under Section 41.002(a)(1), the number of students in
weighted average daily attendance in a school district is
calculated by dividing the sum of the district's allotments under
Subchapters B and C, Chapter 42, less any allotment under Section
42.158 or 42.160, by the basic allotment for the applicable year.
SECTION 3. This Act takes effect September 1, 2017.