By: Paxton S.B. No. 1750       A BILL TO BE ENTITLED   AN ACT   relating to instructional facilities funding for certain   open-enrollment charter schools.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 12.106, Education Code, is amended by   amending Subsections (d) and (f) and adding Subsections (e-1) and   (f-1) to read as follows:          (d)  Subject to Subsections [Subsection] (e) and (e-1), in   addition to other amounts provided by this section, a charter   holder is entitled to receive, for the open-enrollment charter   school, an annual allotment [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 lesser of:                (1)  the state average interest and sinking fund tax   rate imposed by school districts for the current year multiplied by   the guaranteed level of state and local funds per student per cent   of tax effort under Section 46.032(a); or                (2)  the maximum amount of the basic allotment provided   under Section 48.051 for the applicable school year multiplied by   0.06 [a rate that would result in a total amount to which charter   schools are entitled under this subsection for the current year   equal to $60 million].          (e-1)  A charter holder is entitled to receive funding under   Subsection (d) for an open-enrollment charter school only if the   governing body of the school annually certifies in writing to the   agency that none of the following derives any financial benefit   from a real estate transaction with the school:                (1)  an administrator, officer, or employee of the   school;                 (2)  a member of the governing body of the school or its   charter holder; or                 (3)  a person related within the third degree by   consanguinity or second degree by affinity, as determined under   Chapter 573, Government Code, to a person described by Subdivision   (1) or (2).          (f)  Funds received by a charter holder under Subsection (d)   may only be used:                (1)  to lease an instructional facility;                (2)  to pay property taxes imposed on an instructional   facility;                (3)  to pay debt service on bonds issued to finance an   instructional facility; [or]                (4)  for any other purpose related to the purchase,   lease, sale, acquisition, or maintenance of an instructional   facility;                (5)  to purchase or pay debt service on bonds issued to   finance the purchase of school buses;                 (6)  to purchase or pay debt service on bonds issued to   finance the acquisition or update of technology equipment used to   support instruction;                (7)  to pay debt service on bonds issued to improve   school safety and security in accordance with the requirements of   Section 37.351; or                (8)  to pay debt service on bonds issued to finance the   construction, acquisition, or equipment of performing arts   facilities or athletic facilities, other than a stadium with   seating capacity for more than 1,000 spectators.          (f-1)  The governing body of an open-enrollment charter   school must comply with Chapter 551, Government Code, when   considering the issuance of bonds.          SECTION 2.  This Act takes effect September 1, 2025.