TITLE: Relating to state financial assistance for a school district to which an academically unacceptable school district is annexed.

SUMMARY: Relating to state financial assistance for a school district to which an academically unacceptable school district is annexed.

FULL TEXT:
AN ACT relating to state financial assistance for a school district to which an academically unacceptable school district is annexed. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 13.054(g), Education Code, is amended to read as follows: (g) In order to assist with the costs of facility renovation, repair, and replacement, a [A] district to which territory is annexed under this section is entitled to additional state aid for five years, beginning with the school year in which the annexation occurs [equal to the amount by which the annual debt service required to meet the indebtedness incurred by the district due to the annexation exceeds the additional amount of state aid that results from the adjustment under Subsection (f), if any].The commissioner shall determine the amount of additional state aid provided each year by dividing the amount of debt service taxes received by the district during the tax year preceding the tax year in which the annexation occurs by the number of students enrolled in the district immediately preceding the date of annexation, and multiplying that result by the number of additional students enrolled in the district on September 1 after the date of annexation. The commissioner shall provide additional state aid under this subsection from funds appropriated for purposes of the Foundation School Program and available for that purpose. A determination by the commissioner under this subsection is final and may not be appealed. [In determining the amount of annual debt service required, the estimated tax levy from applying the receiving district's current debt service tax rate, if any, to the territory that has been annexed shall be deducted.] SECTION 2. Section 13.054, Education Code, as amended by this Act, applies to a school district to which territory is annexed under that section on or after July 1, 2016. SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.