Texas Education Code - Section 46.034. Limits On Assistance
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§ 46.034. LIMITS ON ASSISTANCE. (a) The existing debt
tax rate ("EDTR") under Section 46.032 may not exceed $0.29 per $100
of valuation, or a greater amount for any year provided by
appropriation.
(b) The amount of state assistance to which a district is
entitled under this subchapter may not exceed the amount to which
the district would be entitled at the district's tax rate for the
payment of eligible bonds for the final year of the preceding state
fiscal biennium.
(c) If the amount required to pay the principal of and
interest on eligible bonds in a school year is less than the amount
of payments made by the district on the bonds during the 2004-2005
school year or the district's audited debt service collections for
that school year, the district may not receive aid in excess of the
amount that, when added to the district's local revenue for the
school year, equals the amount required to pay the principal of and
interest on the bonds.
Added by Acts 1999, 76th Leg., ch. 396, § 1.29, eff. Sept. 1,
1999. Amended by Acts 2001, 77th Leg., ch. 1156, § 10, 12, eff.
Sept. 1, 2001; Acts 2003, 78th Leg., ch. 201, § 41, eff. Sept. 1,
2003; Acts 2005, 79th Leg., ch. 899, § 12.02, eff. Aug. 29,
2005.
Section: 46.010 46.011 46.012 46.013 46.031 46.032 46.033 46.034 46.035 46.036 46.037 46.061 51.904 51.9045
Last modified: August 10, 2007
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