HB1260 - Relating to a determination of a school district's assets to liabilities ratio under the public school financial accountability rating system.

  89R728 AMF-F     By: Guillen H.B. No. 1260       A BILL TO BE ENTITLED   AN ACT   relating to a determination of a school district's assets to   liabilities ratio under the public school financial accountability   rating system.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 39.082(c), Education Code, is amended to   read as follows:          (c)  The system may not include an indicator under Subsection   (b) or any other performance measure that:                (1)  requires a school district to spend at least 65   percent or any other specified percentage of district operating   funds for instructional purposes; [ or ]                (2)  lowers the financial management performance   rating of a school district for failure to spend at least 65 percent   or any other specified percentage of district operating funds for   instructional purposes ; or                 (3)     for a school district required to reduce its local   revenue level under Section 48.257, includes in determining the   district's ratio of assets to liabilities any amount required to be   expended by the district to comply with Chapter 49 .          SECTION 2.  This Act applies beginning with the 2025-2026   school year.          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.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.