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A BILL TO BE ENTITLED
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AN ACT
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relating to compensation to be paid to an emergency services |
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district for a municipality's annexation of the district's |
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territory. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 775.022(e), Health and Safety Code, is |
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amended to read as follows: |
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(e) The amount of compensation under Subsection (c) shall be |
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determined by multiplying the district's total indebtedness at the |
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time of the annexation by a fraction: |
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(1) the numerator of which is the assessed value of the |
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property to be annexed based on the most recent certified county |
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property tax rolls at the time of annexation plus the total amount |
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of the district's sales and use tax revenue collected by retailers |
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located in the property to be annexed in the 12 months preceding the |
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date of annexation, as reported by the comptroller; and |
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(2) the denominator of which is the total assessed |
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value of the property of the district based on the most recent |
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certified county property tax rolls at the time of annexation plus |
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the total amount of the district's sales and use tax revenue |
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collected by retailers located in the district in the 12 months |
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preceding the date of annexation, as reported by the comptroller. |
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SECTION 2. This Act takes effect September 1, 2017. |