By: Paxton	S.B. No. 33

	A BILL TO BE ENTITLED
	AN ACT
	relating to instructional facilities funding for certain
	open-enrollment charter schools.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Sections 12.106(a-2) and (d), Education Code,
	are amended to read as follows:
	(a-2)  In addition to the funding provided by Subsection (a),
	a charter holder is entitled to receive for the open-enrollment
	charter school an allotment per student in average daily attendance
	in an amount equal to the difference between:
	(1)  the product of:
	(A)  the quotient of:
	(i)  the total amount of funding provided to
	eligible school districts under Section 48.101(b) or (c); and
	(ii)  the total number of students in
	average daily attendance in school districts that receive an
	allotment under Section 48.101(b) or (c); and
	(B)  the sum of one and the quotient of:
	(i)  the total number of students in average
	daily attendance in school districts that receive an allotment
	under Section 48.101(b) or (c); and
	(ii)  the total number of students in
	average daily attendance in school districts statewide; and
	(2)  $460 [$125].
	(d)  Subject to Subsection (e), in addition to other amounts
	provided by this section, a charter holder is entitled to receive,
	for the open-enrollment charter school, an annual allotment
	[funding] per student in average daily attendance [in an amount]
	equal to the basic allotment under Section 48.051 [guaranteed level
	of state and local funds per student per cent of tax effort under
	Section 46.032(a)] multiplied by 0.04 [the lesser of:
	[(1) the state average interest and sinking fund tax rate
	imposed by school districts for the current year; or
	[(2) a rate that would result in a total amount to which
	charter schools are entitled under this subsection for the current
	year equal to $60 million].
	SECTION 2.  This Act takes effect on the 91st day after the
	last day of the legislative session.

Statutes affected:
Introduced: ()