12 | 14 | | (c) If a municipality removes territory from a district that |
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13 | 15 | | the municipality has annexed, the municipality shall compensate the |
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14 | 16 | | district immediately after disannexation of the territory under |
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15 | 17 | | Subsection (a) in an amount equal to the annexed territory's pro |
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16 | 18 | | rata share of the district's bonded and other indebtedness as |
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17 | 19 | | computed according to the formula in Subsection (e) or (e-1), |
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18 | 20 | | whichever yields the greater amount. The district shall apply |
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19 | 21 | | compensation received from a municipality under this subsection |
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20 | 22 | | exclusively to the payment of the annexed territory's pro rata |
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21 | 23 | | share of the district's bonded and other indebtedness. |
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22 | 24 | | (e) Unless Subsection (e-1) would yield a greater amount, |
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23 | 25 | | the [The] amount of compensation under Subsection (c) shall be |
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24 | 26 | | determined by multiplying the district's total indebtedness at the |
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25 | 27 | | time of the annexation by a fraction the numerator of which is the |
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26 | 28 | | assessed value of the property to be annexed based on the most |
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27 | 29 | | recent certified county property tax rolls at the time of |
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28 | 30 | | annexation and the denominator of which is the total assessed value |
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29 | 31 | | of the property of the district based on the most recent certified |
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30 | 32 | | county property tax rolls at the time of annexation. |
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31 | 33 | | (e-1) Unless Subsection (e) would yield a greater amount, |
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32 | 34 | | the amount of compensation under Subsection (c) shall be determined |
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33 | 35 | | by multiplying the district's total indebtedness at the time of the |
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34 | 36 | | annexation by a fraction: |
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35 | 37 | | (1) the numerator of which is the assessed value of the |
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36 | 38 | | property to be annexed based on the most recent certified county |
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37 | 39 | | property tax rolls at the time of annexation plus the total amount |
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38 | 40 | | of the district's sales and use tax revenue collected by retailers |
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39 | 41 | | located in the property to be annexed in the 12 months preceding the |
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40 | 42 | | date of annexation, as reported by the comptroller; and |
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41 | 43 | | (2) the denominator of which is the total assessed |
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42 | 44 | | value of the property of the district based on the most recent |
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43 | 45 | | certified county property tax rolls at the time of annexation plus |
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44 | 46 | | the total amount of the district's sales and use tax revenue |
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45 | 47 | | collected by retailers located in the district in the 12 months |
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46 | 48 | | preceding the date of annexation, as reported by the comptroller. |
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55 | 49 | | SECTION 2. Section 8437.002(d), Special District Local Laws |
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56 | 50 | | Code, is amended to read as follows: |
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57 | 51 | | (d) Sections 775.022(b), (c), (d), (e), (e-1), and (f), |
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58 | 52 | | Health and Safety Code, apply to a disannexation under this |
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59 | 53 | | section, as if the disannexation occurred under the provisions of |
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60 | 54 | | Section 775.022(a), Health and Safety Code. |
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61 | 55 | | SECTION 3. Section 9036.002(d), Special District Local Laws |
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62 | 56 | | Code, is amended to read as follows: |
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63 | 57 | | (d) Sections 775.022(b), (c), (d), (e), (e-1), and (f), |
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64 | 58 | | Health and Safety Code, apply to a disannexation under this |
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65 | 59 | | section, as if the disannexation occurred under the provisions of |
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66 | 60 | | Section 775.022(a), Health and Safety Code. |
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67 | 61 | | SECTION 4. Section 9042.002(d), Special District Local Laws |
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68 | 62 | | Code, is amended to read as follows: |
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69 | 63 | | (d) Sections 775.022(b), (c), (d), (e), (e-1), and (f), |
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70 | 64 | | Health and Safety Code, apply to a disannexation under this |
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71 | 65 | | section, as if the disannexation occurred under the provisions of |
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72 | 66 | | Section 775.022(a), Health and Safety Code. |
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73 | 67 | | SECTION 5. This Act takes effect September 1, 2019. |
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74 | | - | ______________________________ ______________________________ |
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75 | | - | President of the Senate Speaker of the House |
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76 | | - | I hereby certify that S.B. No. 1083 passed the Senate on |
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77 | | - | April 26, 2019, by the following vote: Yeas 30, Nays 0; and that |
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78 | | - | the Senate concurred in House amendment on May 25, 2019, by the |
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79 | | - | following vote: Yeas 30, Nays 0. |
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80 | | - | ______________________________ |
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81 | | - | Secretary of the Senate |
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82 | | - | I hereby certify that S.B. No. 1083 passed the House, with |
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83 | | - | amendment, on May 22, 2019, by the following vote: Yeas 143, |
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84 | | - | Nays 0, two present not voting. |
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85 | | - | ______________________________ |
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86 | | - | Chief Clerk of the House |
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87 | | - | Approved: |
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88 | | - | ______________________________ |
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89 | | - | Date |
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90 | | - | ______________________________ |
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91 | | - | Governor |
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