Tex. Educ. Code § 49.153

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 49.153 - Cost

(a) The total cost of credit is the amount of the district's maintenance and operations tax revenue that exceeds the level established under Section 48.257.

(b) For purposes of this section, a school district's maintenance and operations tax revenue does not include any amounts paid into a tax increment fund under Chapter 311, Tax Code.

(c) The cost of attendance credit for a school district is computed using the final tax collections of the district.

Tex. Educ. Code art. 49.153

Renumbered from Tex. Educ. Code § 41.093 by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 943,Sec. 1.053, eff. 6/12/2019.

Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 448,Sec. 4, eff. 9/1/2015.

Amended by Acts 2009, 81st Leg., R.S., Ch. 1328, Sec. 45, eff. 9/1/2009.

Amended by Acts 2006, 79th Leg., 3rd C.S., Ch. 5, Sec. 1.02, eff. 5/31/2006.

Amended by Acts 1999, 76th Leg., ch. 396, Sec. 1.06, eff. 9/1/1999.

Amended by Acts 1997, 75th Leg., ch. 592, Sec. 1.02, eff. 9/1/1997

Amended by Acts 1997, 75th Leg., ch. 1071, Sec. 9, eff. 9/1/1997

Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. 5/30/1995.