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Bill > HB278


TX HB278

TX HB278
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.


summary

Introduced
11/12/2024
In Committee
02/27/2025
Crossed Over
Passed
Dead
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 introduces a new financial incentive for school districts in the public school finance system that choose to prepay their attendance credit costs. Specifically, the bill allows school districts to receive a one percent reduction in their total required payment for each full 30-day period remaining until August 15 of the school year, if they pay the entire required amount in a single payment. The reduction is applied after any other existing reductions the district may be eligible for under current law. This means that by paying early, a school district could potentially reduce its total attendance credit cost, providing a financial advantage for districts that can afford to prepay. The bill will take effect on September 1, 2025, giving school districts advance notice of this new prepayment credit option. The mechanism is designed to incentivize early and full payment of attendance credits, which are part of the state's method of funding public schools.

Committee Categories

Education

Sponsors (2)

Last Action

Referred to Public Education (on 02/27/2025)

bill text


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