HB 1939
AN ACT relating to a credit for prepayment of the amount required to be
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Provides school districts with a 4% credit reduction on their required attendance credit payment if they elect to pay the total amount by February 15 of the school year. To qualify, districts must choose a specific payment method outlined in Section 49.154(a)(2) and make the full payment by the specified date. The bill aims to incentivize early, full prepayment of school district attendance credits and takes effect on September 1, 2025.
Subject Areas
Bill Text
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. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter D, Chapter 49, Education Code, is amended by adding Section 49.1541 to read as follows: Sec. 49.1541. CREDIT FOR PREPAYMENT. (a) The total amount required under Section 49.153 for a school district to purchase attendance credit under this subchapter for any school year is reduced by four percent if the district: (1) elects to pay for credit purchased in the manner provided by Section 49.154(a)(2); and (2) pays the total amount required to be paid by the district not later than February 15 of the school year for which the (b) A reduction under Subsection (a) shall be made after making any reduction to which the district is entitled under Section 49.157 or another provision of this chapter. SECTION 2. This Act takes effect September 1, 2025.
Bill Sponsors
Legislators who authored or co-sponsored this bill.
Bill History
Bill filed: AN ACT relating to a credit for prepayment of the amount required to be
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