The bill, H.B. No. 650, introduces a new provision in the Texas Education Code that allows school districts to receive a credit for prepayment of attendance credit purchases. Specifically, it adds Section 49.1541, which stipulates that if a school district elects to pay for attendance credit as outlined in Section 49.154(a)(2) and completes the payment by February 15 of the relevant school year, the total amount required for the purchase will be reduced by four percent. This reduction is applicable after any other reductions the district may be entitled to under Section 49.157 or other provisions of the chapter.

The bill aims to incentivize early payment by school districts, potentially easing their financial burden related to attendance credit purchases. The new provision is set to take effect on September 1, 2025, allowing districts time to adjust to the new payment structure.

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