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Senate committee hears case for 4% early-payment credit for school recapture
Summary
Lawmakers and school leaders told the Senate Committee on Education the bill would let districts that prepay recapture by Feb. 15 keep 4% of their payment, providing local relief and earlier state access to funds; bill left pending for further analysis.
A bill that would allow Texas school districts to receive a 4% discount for prepaying recapture obligations drew support from district leaders and advocates at a Senate Committee on Education hearing Friday, but the measure was left pending while lawmakers sought more fiscal detail.
House Bill 19 39, sponsored in the Senate by Sen. Parker, would let districts that elect the lump-sum option and fully prepay recapture by Feb. 15 of the school year take a 4% reduction in the total payment. Proponents said the optional incentive would help local budgeting while giving the state earlier access to funds that could be invested in…
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