COST.
Tex. EDUC Code § 49.153.
in effect(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.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Amended by Acts 1997, 75th Leg., ch. 592, Sec. 1.02, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1071, Sec. 9, eff. Sept. 1, 1997; Acts 1999, 76th Leg., ch. 396, Sec. 1.06, eff. Sept. 1, 1999.
Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646 ), Sec. 45, eff. September 1, 2009.
Transferred, redesignated and amended from Education Code, Section 41.093 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3 ), Sec. 1.053, eff. September 1, 2019.
For expiration of Subsections (a-2) and (a-3), see Subsection (a-3).
For expiration of Subsections (a-4) and (a-5), see Subsection (a-5).