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TX HB1939

TX HB1939
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
01/17/2025
In Committee
05/19/2025
Crossed Over
05/16/2025
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 financial incentive for school districts in Texas to prepay their attendance credit costs under the public school finance system. Specifically, the bill allows school districts to receive a 4% reduction in the total amount required to purchase attendance credit if they choose to pay the full amount by February 15 of the school year, using a specific payment method outlined in Section 49.154(a)(2). The reduction will be applied after any other reductions the district may be eligible for under existing education finance regulations. The bill aims to encourage early and full prepayment of school district attendance credits, potentially providing a financial benefit to districts that can meet the prepayment terms. The new provision will take effect on September 1, 2025, giving school districts advance notice of this potential cost-saving opportunity.

Committee Categories

Education

Sponsors (16)

Last Action

Left pending in committee (on 05/27/2025)

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