85R194 CAE-D     By: Huffines, Hall, Taylor of Collin S.B. No. 1122       A BILL TO BE ENTITLED   AN ACT   relating to abolishing certain county boards of education, boards   of county school trustees, and offices of county school   superintendent.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.   (a) Each county board of education, board of   county school trustees, and office of county school superintendent   in a county with a population of 2.2 million or more and that is   adjacent to a county with a population of more than 600,000 is   abolished effective September 1, 2018.          (b)  Not later than September 1, 2017, a dissolution   committee shall be formed for each county board of education or   board of county school trustees to be abolished as provided by   Subsection (a) of this section. The dissolution committee is   responsible for all financial decisions for each county board of   education or board of county school trustees abolished by this Act,   including asset distribution and payment of all debt obligations.          (c)  A dissolution committee required by this Act shall be   appointed by the comptroller and include:                (1)  one financial advisor;                (2)  one chief financial officer employed by a school   district located in the same county as the county board of education   or board of county school trustees for which the dissolution   committee is formed; and                (3)  one certified public accountant.          (d)  A dissolution committee created under this Act is   subject to the open meetings requirements under Chapter 551,   Government Code, and public information requirements under Chapter   552, Government Code.          (e)  Members of a dissolution committee may not receive   compensation but are entitled to reimbursement for actual and   necessary expenses incurred in performing the functions of the   dissolution committee.          (f)  The dissolution committee shall determine the manner in   which all assets, liabilities, contracts, and services of the   county board of education or board of county school trustees   abolished by this Act are divided, transferred, or discontinued.   The dissolution committee shall create a sinking fund to deposit   all money received in the abolishment of each county board of   education or board of county school trustees for the payment of all   debts of the county board of education or board of county school   trustees.          (g)  An ad valorem tax assessed by a county board of   education or board of county school trustees shall continue to be   assessed by the county on behalf of the board for the purpose of   paying the principal of and interest on any bonds issued by the   county board of education or board of county school trustees until   all bonds are paid in full. This subsection applies only to a bond   issued before the effective date of this Act for which the tax   receipts were obligated. On payment of all bonds issued by the   county board of education or board of county school trustees the ad   valorem tax may not be assessed.          (h)  In the manner provided by rule of the commissioner of   education, the county shall collect and use any delinquent taxes   imposed by or on behalf of the county board of education or board of   county school trustees.          (i)  The dissolution committee shall distribute the assets   remaining after discharge of the liabilities of the county board of   education or board of county school trustees to the component   school districts in the county in proportionate shares equal to the   proportion that the membership in each district bears to total   membership in the county as of May 1, 2017. The dissolution   committee shall liquidate board assets as necessary to discharge   board liabilities and facilitate the distribution of assets. A   person authorized by the dissolution committee shall execute any   documents necessary to complete the transfer of assets,   liabilities, or contracts.          (j)  The dissolution committee shall encourage the component   school districts to:                (1)  continue sharing services received through the   county board of education or board of county school trustees; and                (2)  give preference to private sector contractors to   continue services provided by the county board of education or   board of county school trustees.          (k)  The chief financial officer and financial advisor for   the county board of education or board of county school trustees   shall provide assistance to the dissolution committee in abolishing   the county board of education or board of county school trustees.          (l)  The Texas Education Agency shall provide assistance to a   dissolution committee in the distribution of assets, liabilities,   contracts, and services of a county board of education or board of   county school trustees abolished by this Act.          (m)  Any dissolution committee created as provided by this   Act is abolished on the date all debt obligations of the county   board of education or board of county school trustees are paid in   full and all assets distributed to component school districts.          (n)  For purposes of Subsection (c) of this section,   "financial advisor" includes a person or business entity who acts   as a financial advisor, financial consultant, money or investment   manager, or broker.          SECTION 2.  Chapter 266 (S.B. 394), Acts of the 40th   Legislature, Regular Session, 1927 (Article 2700a, Vernon's Texas   Civil Statutes), is repealed.          SECTION 3.  This Act takes effect September 1, 2017.