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TX HB650
TX HB650Relating 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.
summary
Introduced
11/12/2024
11/12/2024
In Committee
03/04/2025
03/04/2025
Crossed Over
Passed
Dead
06/02/2025
06/02/2025
Introduced Session
89th Legislature Regular Session
Bill Summary
AN ACT 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.
AI Summary
This bill adds a new provision to the Texas Education Code that provides a financial incentive for school districts to prepay their attendance credit purchase in full by February 15th of the school year. Specifically, the bill allows school districts a four percent reduction in the total amount required to purchase attendance credit if they choose to pay the full amount early, using a specific payment method outlined in Section 49.154(a)(2). This reduction would be applied after any other reductions the district might be eligible for under existing law. The new provision is designed to encourage school districts to pay their attendance credit costs earlier in the year, potentially improving the financial planning and cash flow for the state's public school finance system. The bill will take effect on September 1, 2025, giving school districts advance notice of this new financial option.
Committee Categories
Education
Sponsors (2)
Last Action
Referred to Public Education (on 03/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB650 |
| BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/HB00650I.htm |
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