FINANCIAL_SERVICESRECOMMENDED

Magnolia ISD Considers TEA Attendance Credits Agreement

Magnolia ISD is asked to approve an Agreement for the Purchase of Attendance Credits (Option 3) with the Texas Education Agency to address its Chapter 49 recapture obligation through a reduction in Chapter 48 state funding. The Superintendent would be delegated authority to execute the financial agreement, with the final payment amount based on excess Tier II, Level II local revenue.

Status
RECOMMENDED
Document date
August 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Texas Education Agency
Agency
Magnolia Independent School District · TX

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Next fiscal year (based on anticipated 2026 local revenue)
Renewal
Agreement is an annual recapture mechanism based on the district’s status as a Chapter 49 district and may be revisited each fiscal year as local revenue and entitlements change.
Document type
Agenda
Source document
Magnolia ISD Agenda Consider and Approve Agreement for the Purchase of Attendance Credits 2026-08-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Magnolia Independent School District?

Texas Education Agency was awarded this financial services contract by Magnolia Independent School District, as recorded on August 6, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Magnolia ISD Agenda Consider and Approve Agreement for the Purchase of Attendance Credits 2026-08-06 (Agenda), dated August 6, 2026 from Magnolia Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Texas Education Agency hold?

Texas Education Agency may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Magnolia Independent School District currently buying?

Explore Magnolia Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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