HB 124 repeals the Texas Jobs, Energy, Technology, and Innovation Act (specifically provisions added by H.B. 5 in 2023) from Texas law. It removes Subchapter T of Government Code Chapter 403, which previously allowed certain property value limitations for school funding calculations. The bill also amends Education Code sections to eliminate specific methods for calculating "taxable property value" (DPV) used by school districts to determine funding levels. This directly affects Texas school districts and property owners who previously benefited from the repealed tax value limitations.
HB 114 prohibits school districts and charter districts from having their bonds guaranteed or underwritten using money from the permanent school fund. It directly affects public school districts and charter districts by banning this specific financial mechanism for new bonds approved after September 1, 2025. Existing bonds approved before that date remain guaranteed until maturity under a grandfather clause. The bill amends the Education Code to remove language allowing such guarantees and makes technical updates to related charter school funding provisions.
