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Bill > HB2317
TX HB2317
TX HB2317Relating 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
01/31/2025
01/31/2025
In Committee
03/14/2025
03/14/2025
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 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 a 4% reduction in their total required payment for attendance credits if they choose to pay the full amount by February 15 of the school year through a specific payment method outlined in existing law (Section 49.154(a)(2)). The reduction would be applied after any other existing reductions the district might be eligible for under current education code. This provision aims to encourage school districts to prepay their attendance credits earlier in the fiscal year, potentially improving cash flow and financial planning for the state's public school finance system. The bill is set to take effect on September 1, 2025, giving school districts advance notice of this new financial option.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to Public Education (on 03/14/2025)
bill text
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=HB2317 |
| BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/HB02317I.htm |
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