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A BILL TO BE ENTITLED
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AN ACT
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relating to an adjustment for certain school districts under the |
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public school finance system for revenue lost due to the use of the |
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state value of the district's taxable value of property determined |
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by the comptroller of public accounts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter F, Chapter 48, Education Code, is |
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amended by adding Section 48.2711 to read as follows: |
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Sec. 48.2711. ADJUSTMENT FOR LOSS OF REVENUE DUE TO USE OF |
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STATE VALUE. (a) This section applies only to a school district |
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for which the state value for the district's taxable value of |
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property is used under Section 403.302(c), Government Code. |
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(b) For each school district to which this section applies, |
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the agency shall determine whether the district's entitlement under |
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this chapter for a school year is greater if the district's taxable |
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value of property is: |
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(1) the local value; or |
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(2) the state value as determined by the comptroller |
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under Sections 403.302(a) and (b), Government Code. |
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(c) If the agency determines under Subsection (b) that the |
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school district's entitlement is greater for the applicable school |
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year using the local value for the district's taxable value of |
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property, the commissioner shall increase state aid or adjust the |
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limit on local revenue under Section 48.257 for the district for |
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that school year in an amount equal to the difference between the |
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amounts determined under Subsection (b). |
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(d) A school district may not receive an adjustment under |
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this section for more than two consecutive school years. If a |
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school district receives an adjustment under this section for two |
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consecutive school years, the district is not eligible to receive |
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an adjustment under this section in the subsequent school year but |
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may be again eligible for the adjustment following a school year for |
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which the local value is used for the district's taxable value of |
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property under Section 403.302(c), Government Code. |
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SECTION 2. This Act takes effect September 1, 2023. |