TITLE: Relating to funding for an open-enrollment charter school based on certain ad valorem taxes collected by school districts.

SUMMARY: Relating to funding for an open-enrollment charter school based on certain ad valorem taxes collected by school districts.

FULL TEXT:
AN ACT relating to funding for an open-enrollment charter school based on certain ad valorem taxes collected by school districts. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 12.106, Education Code, is amended by adding Subsection (d) to read as follows: (d) 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 weighted average daily attendance in an amount equal to the state average amount of revenue per student in weighted average daily attendance collected by independent school districts under Section 45.001(a)(2). SECTION 2. This Act takes effect September 1, 2015.