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 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
|2012–2013 Unequalized Tax Collections Applicable to EDA and IFA Local Share
Excel, 1481 KB
PDF, 4233 KB
For additional information, contact:
State Funding Division
Page last modified on 8/15/2013 10:49:50 AM.