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TX HB1260
Bill
Status
11/12/2024
Primary Sponsor
Ryan Guillen
Click for details
AI Summary
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Amends the public school financial accountability rating system to exclude certain expenditures when calculating a school district's assets to liabilities ratio
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School districts required to reduce their local revenue level under Section 48.257 (recapture/Robin Hood provisions) will not have Chapter 49 compliance expenditures counted against their financial ratio
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Protects property-wealthy school districts from receiving lower financial management ratings due to mandatory state recapture payments
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Applies beginning with the 2025-2026 school year
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Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025
Legislative Description
Relating to a determination of a school district's assets to liabilities ratio under the public school financial accountability rating system.
Education
Last Action
Referred to Public Education
3/10/2025