HBA-MSH H.B. 1532 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 1532 By: Kuempel Public Education 3/26/2001 Introduced BACKGROUND AND PURPOSE Each school district is guaranteed a specified amount per weighted student in state and local funds in relation to the district's tax revenue. This guaranteed yield program is to provide each school district with the opportunity to provide the basic program and to supplement that program at a level of its own choice. New Braunfels Independent School District has a fiscal year that begins September 1 rather than January 1 as for other school districts. This discrepancy affects the calculation of the New Braunfels ISD's tax revenue for determining state funding levels. House Bill 1532 provide for the calculation of the tax revenue for certain districts as the taxes collected on or after January 1 through December 31 of the same school year. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 1532 amends the Education Code to provide that for the purposes of determining the guaranteed allotment for a school district under the Foundation School Program, the total amount of maintenance and operations taxes collected for an applicable school year by a school district with alternate tax dates is the amount of taxes collected on or after January 1 of the year in which the school year begins and not later than December 31 of the same year. EFFECTIVE DATE September 1, 2001. The Act applies beginning with the 2001-2002 school year.