Texas Education Code 48.278 – Equalized Wealth Transition Grant
Current as of: 2024 | Check for updates
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(a) Subject to Subsection (b), a school district is entitled to receive an annual allotment in an amount equal to the amount of additional revenue a school district received for the 2018-2019 school year under former Sections 41.002(e) through (g), as those sections existed on January 1, 2019.
(b) For purposes of calculating a district’s allotment under Subsection (a), the commissioner shall reduce the amount to which a district is entitled under Subsection (a) by:
(1) for the 2020-2021 school year, 20 percent;
(2) for the 2021-2022 school year, 40 percent;
(3) for the 2022-2023 school year, 60 percent; and
(4) for the 2023-2024 school year, 80 percent.
Terms Used In Texas Education Code 48.278
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) This section expires September 1, 2024.
For expiration of this section, see Subsection (c).
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