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TX HB278
Bill
Status
11/12/2024
Primary Sponsor
Ryan Guillen
Click for details
AI Summary
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School districts that prepay their full attendance credit purchase amount in one lump sum payment receive a 1% reduction for each full 30-day period remaining until August 15 of the applicable school year
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The prepayment credit applies when districts elect to pay under the Section 49.154(a)(2) payment method for purchasing attendance credits under the state's school finance recapture system
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The prepayment reduction is calculated after applying any other reductions the district may be entitled to under Section 49.157 or other provisions of Chapter 49
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Adds new Section 49.1541 to the Education Code, Subchapter D, Chapter 49
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Effective date is September 1, 2025
Legislative Description
Relating to a credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.
Education
Last Action
Referred to Public Education
2/27/2025