(a) The commissioner of education shall determine for each school district and open-enrollment charter school the amount of gain from modifications to the school finance formulas enacted by the 77th Texas Legislature, 2001.
- (1) The determination of gain is made by comparing the state aid or recapture amounts generated with the change in the formulas to the state aid or recapture amounts produced with the formulas prior to the changes, with all other data elements constant in the two calculations for any given year.
- (2) The changes to the formulas include modifications of the equalized wealth level under Texas Education Code (TEC), §41.002, changes to the tier II guarantee level under TEC, §42.302, and supplemental "gap funding" under TEC, §42.2513, as applicable.
- (b) The commissioner shall provide worksheets for school districts and open-enrollment charter schools to compute estimates of formula gain.
- (c) The commissioner shall make a preliminary determination of gain in late August of the year preceding each applicable school year and shall certify the final gain in March of the year following each applicable school year.
Source Note:The provisions of this §61.1014 adopted to be effective December 2, 2001, 26 TexReg 9618.