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Leander ISD packet seeks approval to sign TEA agreement for Purchase of Attendance Credit under TEC Chapter 49
Summary
Administration requests Board approval of the Agreement for the Purchase of Attendance Credit for 2024–25 and delegation of authority to the superintendent to obligate the district under TEC §§11.1511(c)(4), 48.257 and Chapter 49, citing Option 3 as the commonly used method for reducing excess local revenue.
Pete Pape, Chief Financial Officer, presented background on the statutory options districts may use when Tier Two local yield exceeds guaranteed yield under Texas Education Code Chapter 49. The packet explains that Leander ISD has historically used "Option 3," the Purchase of Attendance Credit, and notes a prior Attendance Credit Election on Nov. 8, 2022.
The agenda requests the Board approve the TEA‑provided Agreement for the Purchase of Attendance Credit for the 2024‑25 school year and to delegate to the superintendent the authority to obligate the district under the specified TEC provisions. The packet states TEA provides required language for the motion and that the language must be recorded in the Board minutes when submitted electronically. The transcript contains the agenda language and statutory citations; a recorded Board motion or vote is not included in these segments.
