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A BILL TO BE ENTITLED
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AN ACT
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relating to the duty of the comptroller of public accounts to |
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provide certain information to a school district if the comptroller |
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determines in the study of the total taxable value of property in |
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the district that the local value for the district is not valid. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.302, Government Code, is amended by |
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adding Subsection (p) to read as follows: |
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(p) In this subsection, "lost revenue" means the amount of |
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money that is not available to a school district in a year as a |
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result of a reduction in state aid or an adjustment to the limit on |
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local revenue under Section 48.257, Education Code, that occurs |
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because the state value is used for the district's taxable value |
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under Section 403.302(c) of this code. If the comptroller |
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determines in the final certification of the study that the school |
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district's local value as determined by the appraisal district is |
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not valid, the comptroller shall: |
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(1) in consultation with the commissioner of |
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education, estimate the district's lost revenue attributable to the |
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certification; and |
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(2) provide the estimate described by Subdivision (1) |
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to the board of trustees of the district. |
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SECTION 2. Section 403.302(p), Government Code, as added by |
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this Act, applies only to a study conducted under Section 403.302, |
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Government Code, for a tax year that begins on or after the |
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effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2026. |