1. (a) The purposes of the Foundation School Program set forth in this chapter are to guarantee that each school district in the state has:

   1. (1) adequate resources to provide each eligible student a basic instructional program and facilities suitable to the student's educational needs; and
   2. (2) access to a substantially equalized program of financing in excess of basic costs for certain services, as provided by this chapter.

2. (b) The Foundation School Program consists of:

   1. (1) two tiers that in combination provide for:

      1. (A) sufficient financing for all school districts to provide a basic program of education that is rated acceptable or higher under Section 39.054 and meets other applicable legal standards; and
      2. (B) substantially equal access to funds to provide an enriched program; and

   2. (2) a facilities component as provided by Chapter 46.

      Transferred, redesignated and amended from Education Code, Section 42.002 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.013, eff. September 1, 2019.

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

Amended by Acts 1999, 76th Leg., ch. 396, Sec. 1.09, eff. Sept. 1, 1999.

Acts 2009, 81st Leg., R.S., Ch. 895 (H.B. 3), Sec. 60, eff. June 19, 2009.