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

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.


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