| 1 | 1 | | 88R2558 MM-F |
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| 2 | 2 | | By: Hinojosa S.B. No. 942 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to an adjustment for certain school districts under the |
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| 8 | 8 | | public school finance system for revenue lost due to the use of the |
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| 9 | 9 | | state value of the district's taxable value of property determined |
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| 10 | 10 | | by the comptroller of public accounts. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Subchapter F, Chapter 48, Education Code, is |
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| 13 | 13 | | amended by adding Section 48.2711 to read as follows: |
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| 14 | 14 | | Sec. 48.2711. ADJUSTMENT FOR LOSS OF REVENUE DUE TO USE OF |
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| 15 | 15 | | STATE VALUE. (a) This section applies only to a school district |
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| 16 | 16 | | for which the state value for the district's taxable value of |
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| 17 | 17 | | property is used under Section 403.302(c), Government Code. |
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| 18 | 18 | | (b) For each school district to which this section applies, |
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| 19 | 19 | | the agency shall determine whether the district's entitlement under |
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| 20 | 20 | | this chapter for a school year is greater if the district's taxable |
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| 21 | 21 | | value of property is: |
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| 22 | 22 | | (1) the local value; or |
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| 23 | 23 | | (2) the state value as determined by the comptroller |
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| 24 | 24 | | under Sections 403.302(a) and (b), Government Code. |
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| 25 | 25 | | (c) If the agency determines under Subsection (b) that the |
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| 26 | 26 | | school district's entitlement is greater for the applicable school |
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| 27 | 27 | | year using the local value for the district's taxable value of |
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| 28 | 28 | | property, the commissioner shall increase state aid or adjust the |
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| 29 | 29 | | limit on local revenue under Section 48.257 for the district for |
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| 30 | 30 | | that school year in an amount equal to the difference between the |
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| 31 | 31 | | amounts determined under Subsection (b). |
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| 32 | 32 | | (d) A school district may not receive an adjustment under |
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| 33 | 33 | | this section for more than two consecutive school years. If a |
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| 34 | 34 | | school district receives an adjustment under this section for two |
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| 35 | 35 | | consecutive school years, the district is not eligible to receive |
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| 36 | 36 | | an adjustment under this section in the subsequent school year but |
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| 37 | 37 | | may be again eligible for the adjustment following a school year for |
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| 38 | 38 | | which the local value is used for the district's taxable value of |
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| 39 | 39 | | property under Section 403.302(c), Government Code. |
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| 40 | 40 | | SECTION 2. This Act takes effect September 1, 2023. |
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