Texas Education Code - Section 42.251. Financing; General Rule
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§ 42.251. FINANCING; GENERAL RULE. (a) The sum of the
basic allotment under Subchapter B and the special allotments
under Subchapter C, computed in accordance with this chapter,
constitute the tier one allotments. The sum of the tier one
allotments and the guaranteed yield allotments under Subchapter F,
computed in accordance with this chapter, constitute the total cost
of the Foundation School Program.
(b) The program shall be financed by:
(1) ad valorem tax revenue generated by an equalized
uniform school district effort;
(2) ad valorem tax revenue generated by local school
district effort in excess of the equalized uniform school district
effort;
(3) state available school funds distributed in
accordance with law; and
(4) state funds appropriated for the purposes of
public school education and allocated to each district in an amount
sufficient to finance the cost of each district's Foundation School
Program not covered by other funds specified in this subsection.
(c) Repealed by Acts 1999, 76th Leg., ch. 396, § 3.01(a),
eff. Sept. 1, 1999.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Amended by Acts 1999, 76th Leg., ch. 396, § 1.15, 3.01(a), eff.
Sept. 1, 1999.
Section: 42.152 42.153 42.154 42.155 42.156 42.157 42.158 42.251 42.2511 42.2512 42.2513 42.2514 42.2515 42.2516 42.2517
Last modified: August 10, 2007
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