The bill, H.B. No. 650, proposes an amendment to the Education Code by adding Section 49.1541, which introduces a credit for school districts that prepay for attendance credit under the public school finance system. Specifically, it 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 to be applied 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 improving their financial management and planning. The effective date for this amendment is set for September 1, 2025.

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