Texas HB5140 provides a 10% credit for school districts that prepay for attendance credit by February 15.

Texas HB5140 amends the Education Code to offer a 10% credit for school districts that prepay the total amount required for attendance credit by February 15 of the school year. This credit applies if the district pays in the manner specified by Section 49.154(a)(2) and completes the payment by the deadline. The credit reduction is applied after any other reductions the district may be entitled to under Section 49.157 or other relevant provisions. The changes will take effect on September 1, 2025.

Texas HB5140 provides a 10% credit for school districts that prepay for attendance credit by February 15.

Texas HB5140 amends the Education Code to offer a 10% credit for school districts that prepay the total amount required for attendance credit by February 15 of the school year. This credit applies if the district pays in the manner specified by Section 49.154(a)(2) and completes the payment by the deadline. The credit reduction is applied after any other reductions the district may be entitled to under Section 49.157 or other relevant provisions. The changes will take effect on September 1, 2025.