HB278 - Relating to a credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.

  89R264 MEW-D     By: Guillen H.B. No. 278       A BILL TO BE ENTITLED   AN ACT   relating to a credit for prepayment of the amount required to be   paid by a school district for the purchase of attendance credit   under the public school finance system.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter D, Chapter 49, Education Code, is   amended by adding Section 49.1541 to read as follows:           Sec.   49.1541.     CREDIT FOR PREPAYMENT.   (a)   If a school   district elects to pay for attendance credit purchased in the   manner provided by Section 49.154(a)(2), the total amount required   under Section 49.153 for the district to purchase credit under this   subchapter for any school year is reduced at a rate of one percent   for each full 30-day period remaining until August 15 of the school   year for which the agreement is in effect on the date the district   pays in one payment the total amount required to be paid by the   district.           (b)     A reduction under Subsection (a) shall be made after   making any reduction to which the district is entitled under   Section 49.157 or another provision of this chapter.          SECTION 2.  This Act takes effect September 1, 2025.