The Texas Education Agency (TEA) has proposed an amendment to 19 TAC §62.1071, which would establish provisions relating to wealth equalization requirements and adopt as a part of the Texas Administrative Code (TAC) the Manual for Districts Subject to Wealth Equalization 2013-2014 School Year. The manual contains the processes and procedures that the TEA uses in the administration of the provisions of the Texas Education Code (TEC), Chapter 41, and the fiscal, procedural, and administrative requirements that school districts subject to the TEC, Chapter 41, must meet.
Legal counsel with the TEA has advised that the procedures contained in each yearly manual for districts subject to wealth equalization be adopted as part of the TAC. The intent is to annually update 19 TAC §62.1071 to refer to the most recently published manual. Manuals adopted for previous school years will remain in effect with respect to those school years.
Each school year's manual for districts subject to wealth equalization explains how districts subject to wealth equalization are identified; the fiscal, procedural, and administrative requirements those districts must meet; and the consequences for not meeting requirements. The manual also provides information on using the online Foundation School Program (FSP) System to fulfill certain requirements.
To view the Texas Register posting, please visit: http://www.sos.state.tx.us/texreg/sos/Proposed%20Rules/19.EDUCATION.html#25 .