| 1 | 1 | | 86R4829 KJE-F |
|---|
| 2 | 2 | | By: Kolkhorst S.B. No. 660 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to the calculation for purposes of recapture under the |
|---|
| 8 | 8 | | public school finance system of the taxable value of property of a |
|---|
| 9 | 9 | | school district affected by a disaster. |
|---|
| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 11 | 11 | | SECTION 1. Subchapter A, Chapter 41, Education Code, is |
|---|
| 12 | 12 | | amended by adding Section 41.0025 to read as follows: |
|---|
| 13 | 13 | | Sec. 41.0025. DETERMINATION OF PROPERTY VALUE AFFECTED BY |
|---|
| 14 | 14 | | DISASTER. (a) This section applies only to a school district: |
|---|
| 15 | 15 | | (1) all or part of which is located in an area declared |
|---|
| 16 | 16 | | a disaster area by the governor under Chapter 418, Government Code; |
|---|
| 17 | 17 | | and |
|---|
| 18 | 18 | | (2) for which the commissioner has not adjusted the |
|---|
| 19 | 19 | | taxable value of property of the district as affected by that |
|---|
| 20 | 20 | | disaster under Section 42.2521 or 42.2523. |
|---|
| 21 | 21 | | (b) On request of a school district to which this section |
|---|
| 22 | 22 | | applies, the commissioner shall, in determining the district's |
|---|
| 23 | 23 | | wealth per student under Section 41.002, use the lesser of the |
|---|
| 24 | 24 | | taxable value of property in the district for: |
|---|
| 25 | 25 | | (1) the tax year immediately following the year in |
|---|
| 26 | 26 | | which the disaster occurred; or |
|---|
| 27 | 27 | | (2) the tax year in which the disaster occurred, |
|---|
| 28 | 28 | | adjusted by the average reduction of property values in the |
|---|
| 29 | 29 | | district immediately following the disaster, as estimated under |
|---|
| 30 | 30 | | Subsection (c). |
|---|
| 31 | 31 | | (c) On request of the commissioner or a school district to |
|---|
| 32 | 32 | | which this section applies, an appraisal district that appraises |
|---|
| 33 | 33 | | property for the school district shall provide to the commissioner |
|---|
| 34 | 34 | | a certified estimate of the average reduction of property values in |
|---|
| 35 | 35 | | the school district immediately following the disaster. |
|---|
| 36 | 36 | | (d) The commissioner shall adopt rules as necessary to |
|---|
| 37 | 37 | | implement this section, including rules regarding the deadline for: |
|---|
| 38 | 38 | | (1) submitting a request under Subsection (b); and |
|---|
| 39 | 39 | | (2) providing a certified estimate under Subsection |
|---|
| 40 | 40 | | (c). |
|---|
| 41 | 41 | | SECTION 2. This Act takes effect September 1, 2019. |
|---|