H.B. No. 5140 introduces a new provision in the Texas Education Code that allows school districts to receive a 10 percent credit on the amount required for purchasing attendance credit under the public school finance system. This credit is applicable if the district opts to pay for the credit in a specified manner and completes the payment by February 15 of the relevant school year. The bill also stipulates that this reduction will be applied after any other reductions the district may be entitled to under existing laws.

The new section, 49.1541, outlines the conditions for this credit, emphasizing the importance of timely payment and adherence to the specified payment method. The bill is set to take effect on September 1, 2025, providing school districts with an incentive to manage their attendance credit purchases more efficiently.

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