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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation for purposes of recapture under the |
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public school finance system of the taxable value of property of a |
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school district affected by a disaster. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 41, Education Code, is |
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amended by adding Section 41.0025 to read as follows: |
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Sec. 41.0025. DETERMINATION OF PROPERTY VALUE AFFECTED BY |
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DISASTER. (a) This section applies only to a school district: |
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(1) all or part of which is located in an area declared |
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a disaster area by the governor under Chapter 418, Government Code; |
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and |
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(2) for which the commissioner has not adjusted the |
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taxable value of property of the district as affected by that |
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disaster under Section 42.2521 or 42.2523. |
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(b) On request of a school district to which this section |
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applies, the commissioner shall, in determining the district's |
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wealth per student under Section 41.002, use the lesser of the |
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taxable value of property in the district for: |
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(1) the tax year immediately following the year in |
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which the disaster occurred; or |
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(2) the tax year in which the disaster occurred, |
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adjusted by the average reduction of property values in the |
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district immediately following the disaster, as estimated under |
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Subsection (c). |
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(c) On request of the commissioner or a school district to |
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which this section applies, an appraisal district that appraises |
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property for the school district shall provide to the commissioner |
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a certified estimate of the average reduction of property values in |
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the school district immediately following the disaster. |
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(d) The commissioner shall adopt rules as necessary to |
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implement this section, including rules regarding the deadline for: |
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(1) submitting a request under Subsection (b); and |
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(2) providing a certified estimate under Subsection |
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(c). |
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SECTION 2. This Act takes effect September 1, 2019. |