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Texas Education Code

§ 46.006 — SHORTAGE OR EXCESS OF FUNDS APPROPRIATED FOR NEW PROJECTS

ED § 46.006Title 2. PUBLIC EDUCATION · Part I. SCHOOL FINANCE AND FISCAL MANAGEMENT · Ch. 46. ASSISTANCE WITH INSTRUCTIONAL FACILITIES AND PAYMENT OF EXISTING DEBT · Art. A. INSTRUCTIONAL FACILITIES ALLOTMENT

Statute text

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(a)If the total amount appropriated for a year for new projects is less than the amount of money to which school districts applying for state assistance are entitled for that year, the commissioner shall rank each school district applying by wealth per student. For purposes of this section, a district's wealth per student is reduced by 10 percent for each state fiscal biennium in which the district did not receive assistance under this subchapter.
(b)A district's wealth per student is reduced for purposes of this section if a district has had substantial student enrollment growth in the preceding five-year period. The reduction is in addition to any reduction under Subsection (a) and is computed before the district's wealth per student is reduced under that subsection, if applicable. A district's wealth per student is reduced:
(1)by five percent, if the district has an enrollment growth rate in that period that is 10 percent or more but less than 15 percent;
(2)by 10 percent, if the district has an enrollment growth rate in that period that is 15 percent or more but less than 30 percent; or
(3)by 15 percent, if the district has an enrollment growth rate in that period that is 30 percent or more.
(c)A district's wealth per student is reduced by 10 percent for purposes of this section if the district does not have any outstanding debt at the time the district applies for assistance under this subchapter. The reduction is in addition to any reduction under Subsection (a) or (b) and is computed before the district's wealth per student is reduced under those subsections, if applicable.
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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 1309 (S.B. 962), Sec. 1, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 1309 (S.B. 962), Sec. 2, eff. September 1, 2012. Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 3.060, eff. September 1, 2019.