85R11530 KKA-D     By: Faircloth H.B. No. 4087       A BILL TO BE ENTITLED   AN ACT   relating to a reduction of the amount required to be paid by a   school district to achieve the equalized wealth level under the   public school finance system.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter D, Chapter 41, Education Code, is   amended by adding Section 41.0933 to read as follows:          Sec. 41.0933.  REDUCTION FOR MAINTENANCE AND OPERATIONS   COSTS. (a) Notwithstanding any other provision of this chapter, a   school district that executes an agreement to purchase all   attendance credits necessary to reduce the district's wealth per   student to the equalized wealth level may reduce the total amount   required to be paid for attendance credits under Section 41.093 by   25 percent.          (b)  A reduction under Subsection (a) shall be made after   making any reduction to which the district is entitled under   Section 41.0931, 41.097, or 41.098 or another provision of this   chapter.          (c)  The district shall use amounts available to the district   as a result of this section to pay district maintenance and   operations costs.          SECTION 2.  This Act takes effect September 1, 2017.