Texas HB986 establishes a budget savings program to provide financial savings to the state budget and increase efficiency.

Texas HB986 amends the Government Code to establish a budget savings program administered by the comptroller of public accounts. The program allows qualifying taxpayers to designate a portion of their school district maintenance and operations ad valorem taxes as a grant to pay tuition for eligible students at qualifying schools. The budget savings account, established in the foundation school fund, consists of money transferred by the comptroller and other appropriations. The comptroller may implement a program for taxpayers who owe insufficient property taxes.

Texas HB986 establishes a budget savings program to provide financial savings to the state budget and increase efficiency.

Texas HB986 amends the Government Code to establish a budget savings program administered by the comptroller of public accounts. The program allows qualifying taxpayers to designate a portion of their school district maintenance and operations ad valorem taxes as a grant to pay tuition for eligible students at qualifying schools. The budget savings account, established in the foundation school fund, consists of money transferred by the comptroller and other appropriations. The comptroller may implement a program for taxpayers who owe insufficient property taxes.