The bill, H.B. No. 445, introduces a new provision to the Texas Education Code that establishes an "Early Agreement Credit" for school districts purchasing attendance credit. Specifically, it adds Section 49.1541, which stipulates that if a school district submits a signed agreement to the commissioner to pay the required amount for attendance credit by September 1 of the applicable school year, the total amount required will be reduced by four percent. This reduction is to be applied after any other reductions the district may be entitled to under existing provisions.

The bill aims to incentivize timely payments from school districts, potentially easing financial burdens and promoting fiscal responsibility within the public school finance system. The new provision will take effect on September 1, 2025, allowing districts time to prepare for the changes.

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