88R2558 MM-F
 
  By: Lozano H.B. No. 2463
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an adjustment for certain school districts under the
  public school finance system for revenue lost due to the use of the
  state value of the district's taxable value of property determined
  by the comptroller of public accounts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter F, Chapter 48, Education Code, is
  amended by adding Section 48.2711 to read as follows:
         Sec. 48.2711.  ADJUSTMENT FOR LOSS OF REVENUE DUE TO USE OF
  STATE VALUE. (a) This section applies only to a school district
  for which the state value for the district's taxable value of
  property is used under Section 403.302(c), Government Code. 
         (b)  For each school district to which this section applies,
  the agency shall determine whether the district's entitlement under
  this chapter for a school year is greater if the district's taxable
  value of property is:
               (1)  the local value; or
               (2)  the state value as determined by the comptroller
  under Sections 403.302(a) and (b), Government Code.
         (c)  If the agency determines under Subsection (b) that the
  school district's entitlement is greater for the applicable school
  year using the local value for the district's taxable value of
  property, the commissioner shall increase state aid or adjust the
  limit on local revenue under Section 48.257 for the district for
  that school year in an amount equal to the difference between the
  amounts determined under Subsection (b).
         (d)  A school district may not receive an adjustment under
  this section for more than two consecutive school years. If a
  school district receives an adjustment under this section for two
  consecutive school years, the district is not eligible to receive
  an adjustment under this section in the subsequent school year but
  may be again eligible for the adjustment following a school year for
  which the local value is used for the district's taxable value of
  property under Section 403.302(c), Government Code.
         SECTION 2.  This Act takes effect September 1, 2023.