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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

Texas Education Code: Chapter 46, Subchapter B, Assistance with Payment of Existing Debt

Commissioner's Rules: 19 Texas Administrative Code §61.1035, Assistance with Payment of Existing Debt

 

EDA Reports

 EDA Eligible Debt Service Report

 EDA Payments With Prior Year Adjustments - Included in Summary of Finances (SOF) report

 EDA State Aid Calculation by District - Included in the SOF report

 TEA Payment Report - All payments from the TEA to school districts    

Report Name Excel Link PDF Link
2012–2013 Unequalized Tax Collections Applicable to EDA and IFA Local Share

 Excel, 1481 KB

PDF, 4233 KB

 

EDA Tools

Report Name Excel Link PDF Link
2013–2014 Calculation of Existing Debt Allotment Worksheet  Excel, 492 KB  PDF, 72 KB
2012–2013 EDA State Aid Calculation Worksheet  Excel, 487 KB  PDF, 57 KB

 

 



For additional information, contact:

State Funding Division
Jacquie Pree
(512) 475-1217
jacqueline.pree@tea.state.tx.us  

Page last modified on 8/15/2013 10:49:50 AM.