Texas Education Code - Section 42.007. Equalized Funding Elements
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§ 42.007. EQUALIZED FUNDING ELEMENTS. (a) The
Legislative Budget Board shall adopt rules, subject to appropriate
notice and opportunity for public comment, for the calculation for
each year of a biennium of the qualified funding elements, in
accordance with Subsection (c), necessary to achieve the state
policy under Section 42.001.
(b) Before each regular session of the legislature, the
board shall, as determined by the board, report the equalized
funding elements to the commissioner and the legislature.
(c) The funding elements must include:
(1) a basic allotment for the purposes of Section
42.101 that, when combined with the guaranteed yield component
provided by Subchapter F, represents the cost per student of a
regular education program that meets all mandates of law and
regulation;
(2) adjustments designed to reflect the variation in
known resource costs and costs of education beyond the control of
school districts;
(3) appropriate program cost differentials and other
funding elements for the programs authorized under Subchapter C,
with the program funding level expressed as dollar amounts and as
weights applied to the adjusted basic allotment for the appropriate
year;
(4) the maximum guaranteed level of qualified state
and local funds per student for the purposes of Subchapter F;
(5) the enrichment and facilities tax rate under
Subchapter F;
(6) the computation of students in weighted average
daily attendance under Section 42.302; and
(7) the amount to be appropriated for the school
facilities assistance program under Chapter 46.
(d) Repealed by Acts 2005, 79th Leg., ch. 741, § 10(b).
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Amended by Acts 1997, 75th Leg., ch. 1071, § 13, eff. Sept. 1,
1997; Acts 1999, 76th Leg., ch. 396, § 1.10, eff. Sept. 1, 1999;
Acts 2005, 79th Leg., ch. 741, § 2, 10(b), eff. June 17, 2005.
Section: 41.257 42.001 42.002 42.003 42.004 42.005 42.007 42.101 42.102 42.103 42.104 42.105 42.106 42.151
Last modified: August 10, 2007
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