Senate Bill No. 1750 amends the Education Code to enhance funding provisions for open-enrollment charter schools in Texas. The bill modifies existing language in Section 12.106, specifically Subsections (d) and (f), while adding new Subsections (e-1) and (f-1). Notably, it establishes that charter holders are entitled to an annual allotment per student based on a calculation involving the state average interest and sinking fund tax rate and the maximum basic allotment. Additionally, it requires that the governing body of the charter school must certify annually that certain individuals, including administrators and their relatives, do not benefit financially from real estate transactions with the school.

Furthermore, the bill expands the permissible uses of funds received under Subsection (d) to include not only leasing and maintaining instructional facilities but also financing school buses, technology equipment, school safety improvements, and performing arts or athletic facilities, with specific limitations. The new Subsection (f-1) mandates compliance with Chapter 551 of the Government Code when considering bond issuance. This legislation is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Education Code 12.106 (Education Code 12)
Senate Committee Report: Education Code 12.106 (Education Code 12)
Engrossed: Education Code 12.106 (Education Code 12)