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

The bill amends Subchapter D, Chapter 49 of the Education Code by adding Section 49.1541, which outlines the conditions and implications of the early agreement credit. The legislation is set to take effect on September 1, 2025, providing school districts with an incentive to commit to timely payments for attendance credit purchases.

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