85R9745 LHC-D
By: Smithee H.B. No. 1618
A BILL TO BE ENTITLED
AN ACT
relating to the limitation on the amount of supplemental payments
that a person may agree to provide to a school district or any other
entity on behalf of a school district under the Texas Economic
Development Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 313.027(i), Tax Code, is amended to read
as follows:
(i) A person and the school district may not enter into an
agreement under which the person agrees to provide supplemental
payments to a school district or any other entity on behalf of a
school district in an amount that exceeds an amount equal to the
greater of $100 per student per year in average daily attendance, as
defined by Section 42.005, Education Code, or $75,000 [$50,000] per
year, or for a period that exceeds the period beginning with the
period described by Section 313.021(4) and ending December 31 of
the third tax year after the date the person's eligibility for a
limitation under this chapter expires. This limit does not apply
to amounts described by Subsection (f)(1) or (2).
SECTION 2. The change in law made by this Act applies only
to an agreement entered into pursuant to an application filed under
Chapter 313, Tax Code, on or after the effective date of this Act.
An agreement entered into pursuant to an application filed under
that chapter before the effective date of this Act is governed by
the law in effect on the date the application was filed, and the
former law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2017.