Floor Packet Page No. 50
      Amend CSSB 7 as follows:
      (1)  In SECTION 40 of the bill, between proposed Sections
39.901 and 39.902, Utilities Code (house committee printing page
142, between lines 21 and 22), insert the following:
      Sec. 39.9015.  PROPERTY TAX LOSS REIMBURSEMENT FOR CERTAIN
TAXING UNITS.  (a)  In this section, "affected taxing unit" means a
taxing unit, as defined by Section 1.04, Tax Code, other than a
school district, that levied an ad valorem tax on a nuclear asset
of an electric utility on January 1, 1999.
      (b)  Not later than August 1 of each year, the chief
appraiser of each appraisal district in which a nuclear asset of an
electric utility was located on January 1, 1999, shall determine
for each affected taxing unit that participates in the appraisal
district the amount, if any, by which the taxable value of the
nuclear asset has decreased from the preceding tax year to the
current tax year as a direct result of electric utility
restructuring.
      (c)  Not later than August 15 of each year, a chief appraiser
required to make a determination under Subsection (b) shall certify
in a written report delivered to the comptroller:
            (1)  the amount of any reduction in the taxable value
of the asset determined under Subsection (b) for each affected
taxing unit that participates in the appraisal district; and
            (2)  the tax rate for the preceding tax year for each
affected taxing unit.
      (d)  Not later than September 1 of each year, the comptroller
shall:
            (1)  examine, verify, and correct, if necessary, the
information in each report received under Subsection (c);
            (2)  determine, as provided by Subsection (f), the
amount of reimbursement to which each affected taxing unit is
entitled for any reduction in the taxable value of a nuclear asset
of an electric utility that has occurred from the preceding tax
year to the current tax year as a direct result of electric utility
restructuring; and
            (3)  notify the commission of the amount of
reimbursement determined under Subdivision (2).
      (e)  Not later than November 1 of each year, the commission
shall transfer from the system benefit fund to each affected taxing
unit that is entitled to reimbursement the amount of the taxing
unit's reimbursement determined by the comptroller.
      (f)  The comptroller shall determine the amount of
reimbursement to which an affected taxing unit is entitled for a
year by multiplying the tax rate of the taxing unit for the
preceding tax year by the amount of the reduction in the taxable
value of the nuclear asset from the preceding tax year to the
current tax year as a direct result of electric utility
restructuring.
      (g)  This section expires December 31, 2007.
      (2)  In SECTION 40 of the bill, strike proposed Section
39.903(e), Utilities Code (house committee printing page 144, lines
20-26), and substitute the following:
      (e)  The system benefit fund shall provide funding solely
for:
            (1)  customer education programs;
            (2)  programs to assist low-income electric customers
provided by Subsections (f)-(k);
            (3)  the school funding loss mechanism under Section
39.901; and
            (4)  the property tax loss reimbursement paid to taxing
units under Section 39.9015.