HB2764 - Relating to reporting by the Texas Education Agency and the comptroller on school finance.

      By: Guillen H.B. No. 2764       A BILL TO BE ENTITLED   AN ACT   relating to reporting by the Texas Education Agency and the   comptroller on school finance.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter A, Chapter 48, Education Code, is   amended by adding Section 48.011 to read as follows:           Sec.   48.011.     SCHOOL FINANCE REPORT. (a) Not later than   December 31, 2025, the agency and the comptroller shall jointly   prepare and submit to the legislature a report on school finance   since the state fiscal year beginning September 1, 1994.           (b)     The report must include for each state fiscal year   covered by the report:                 (1)     the amount appropriated for school finance for   that fiscal year from each source of funding, including   differentiating:                       (A)     the amount collected from school districts   under Chapter 49 or former Chapter 41;                       (B)     amounts disbursed from the Foundation   Schools Program; and                       (C)     and amounts disbursed from the state general   fund;                 (2)     the items for which the money was spent,   including:                       (A)     administrative costs, both in total and   disaggregated by type of cost; and                       (B)     distribution to school districts and   open-enrollment charter schools;                 (3)     the amount, if any, transferred to or used for   another purpose, including each purpose for which the money was   transferred or used; and                 (4)     the amount, if any, not spent for that fiscal year   and retained by the agency.           (c)  This section expires September 1, 2026.          SECTION 2.  Section 48.273, Subchapter F, Chapter 48,   Education Code, is amended by adding Subsection (h) to read as   follows:           (h)     All reporting pertaining to the Foundation School   Program and any other education funding shall, regardless of use,   reflect all funds collected under Chapter 49 or former Chapter 41 as   "local recapture funding" and be differentiated from "state   funding" in all reports.          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.