Existing Debt Allotment (EDA) Program
Created by the Texas Legislature in 1999, the EDA program provides tax rate equalization for local debt service taxes. By providing a guaranteed yield on interest and sinking fund (I&S) taxes levied by school districts to pay the principal of and interest on eligible bonds, the program guarantees a specific amount of state and local funds per student for each cent of tax effort up to $0.29 per $100 of assessed valuation. Currently, the guaranteed yield for EDA provides $35 per student in average daily attendance (ADA) per penny of tax effort.
The program operates without applications and has no award cycles.
EDA Eligibility Information
Law and Rules
For additional information, contact:
Office of School Finance
Page last modified on 5/22/2013 12:53:57 PM.