Texas Education Code - Section 46.006. Shortage Or Excess Of Funds Appropriated For New Projects
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§ 46.006. SHORTAGE OR EXCESS OF FUNDS APPROPRIATED FOR NEW
PROJECTS. (a) If the total amount appropriated for a year for new
projects is less than the amount of money to which school districts
applying for state assistance are entitled for that year, the
commissioner shall rank each school district applying by wealth per
student. For purposes of this section, a district's wealth per
student is reduced by 10 percent for each state fiscal biennium in
which the district did not receive assistance under this
subchapter.
(b) A district's wealth per student is reduced for purposes
of this section if a district has had substantial student
enrollment growth in the preceding five-year period. The reduction
is in addition to any reduction under Subsection (a) and is computed
before the district's wealth per student is reduced under that
subsection, if applicable. A district's wealth per student is
reduced:
(1) by five percent, if the district has an enrollment
growth rate in that period that is 10 percent or more but less than
15 percent;
(2) by 10 percent, if the district has an enrollment
growth rate in that period that is 15 percent or more but less than
30 percent; or
(3) by 15 percent, if the district has an enrollment
growth rate in that period that is 30 percent or more.
(c) A district's wealth per student is reduced by 10 percent
for purposes of this section if the district does not have any
outstanding debt at the time the district applies for assistance
under this subchapter. The reduction is in addition to any
reduction under Subsection (a) or (b) and is computed before the
district's wealth per student is reduced under those subsections,
if applicable.
(d) The commissioner shall adjust the rankings after making
the reductions in wealth per student required by Subsections (a),
(b), and (c).
(e) Beginning with the district with the lowest adjusted
wealth per student that has applied for state assistance for the
year, the commissioner shall award state assistance to districts
that have applied for state assistance in ascending order of
adjusted wealth per student. The commissioner shall award the full
amount of state assistance to which a district is entitled under
this subchapter, except that the commissioner may award less than
the full amount to the last district for which any funds are
available.
(f) Any amount appropriated for the first year of a fiscal
biennium that is not awarded to a school district may be used to
provide assistance in the following fiscal year.
(g) In this section, "wealth per student" means a school
district's taxable value of property as determined under Subchapter
M, Chapter 403, Government Code, or, if applicable, Section
42.2521, divided by the district's average daily attendance as
determined under Section 42.005.
Added by Acts 1997, 75th Leg., ch. 592, § 1.04, eff. Sept. 1,
1997. Amended by Acts 1999, 76th Leg., ch. 396, § 1.26, eff.
Sept. 1, 1999.
Section: 45.231 45.232 46.001 46.002 46.003 46.004 46.005 46.006 46.007 46.008 46.0081 46.009 46.010 46.011 46.012
Last modified: August 10, 2007
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