HB2051 - Relating to a limitation on the amount of school property tax revenue that is subject to recapture under the public school finance system.

  89R3425 AMF-D     By: Meyer H.B. No. 2051       A BILL TO BE ENTITLED   AN ACT   relating to a limitation on the amount of school property tax   revenue that is subject to recapture 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 49.1531 to read as follows:           Sec.   49.1531.     LIMITATION ON TOTAL COST. (a)   Notwithstanding any other provision of this chapter, a school   district that executes an agreement to purchase attendance credit   in an amount sufficient to reduce the district's local revenue   level to a level that is equal to or less than the level established   under Section 48.257:                 (1)     is entitled to retain maintenance and operations   tax revenue sufficient to pay the district's average maintenance   and operations costs per student in average daily attendance, as   determined under Subsection (b) and adjusted for inflation; and                 (2)     may not be required to pay a total amount for   attendance credit that would reduce the district's retained   maintenance and operations tax revenue below the amount described   by Subdivision (1).           (b)     For purposes of Subsection (a)(1), the commissioner   shall determine a school district's average maintenance and   operations costs per student in average daily attendance based on   the district's maintenance and operations expenditures per student   in average daily attendance for the preceding three school years.   The commissioner shall adjust a district's average costs to reflect   inflation in a manner determined appropriate by the commissioner.           (c)     A determination by the commissioner under this section   is final and may not be appealed.           (d)     The commissioner shall adopt rules necessary to   implement this section.          SECTION 2.  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.