Amend CSHB 5 by inserting the following appropriately
numbered ARTICLE and renumbering the subsequent ARTICLES
accordingly:
ARTICLE __. DETERMINATION OF SCHOOL DISTRICT
PROPERTY VALUES BY COMPTROLLER
SECTION __.01. Section 403.302, Government Code, is amended
by adding Subsection (c-1) to read as follows:
(c-1) Notwithstanding Subsection (c), if after conducting
the annual study for the year 2002 the comptroller determines that
the local value for a school district is invalid and the local value
exceeds the state value for the school district determined by the
comptroller under Subsections (a) and (b), the taxable value for
the school district for that year is the district's state value as
established by the Comptroller. This subsection expires September
30, 2004.
SECTION __.02. Section 403.302(m), Government Code, as
added by S.B. No. 671, Acts of the 78th Legislature, Regular
Session, 2003, is repealed.
SECTION __.03. This article takes effect immediately if
this Act receives a vote of two-thirds of all the members elected to
each house, as provided by Section 39, Article III, Texas
Constitution. If this Act does not receive the vote necessary for
immediate effect, this article takes effect November 1, 2003.