85R6566 CAE-F     By: Campbell S.B. No. 457       A BILL TO BE ENTITLED   AN ACT   relating to funding for an open-enrollment charter school based on   the guaranteed level of state and local funds provided to school   districts through the existing debt allotment.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 12.106, Education Code, is amended by   adding Subsection (d) to read as follows:          (d)  In addition to other amounts provided by this section, a   charter holder is entitled to receive, for the open-enrollment   charter school, funding per student in average daily attendance in   an amount equal to the guaranteed level of state and local funds per   student per cent of tax effort under Section 46.032(a) multiplied   by the state average interest and sinking fund tax rate imposed by   school districts for the current year.          SECTION 2.  This Act takes effect September 1, 2017.