| 1 | 1 | | 89R13952 PRL-D |
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| 2 | 2 | | By: Nichols S.B. No. 2370 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to the duty of the comptroller of public accounts to |
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| 10 | 10 | | provide certain information to a school district if the comptroller |
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| 11 | 11 | | determines in the study of the total taxable value of property in |
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| 12 | 12 | | the district that the local value for the district is not valid. |
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| 13 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 14 | 14 | | SECTION 1. Section 403.302, Government Code, is amended by |
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| 15 | 15 | | adding Subsection (p) to read as follows: |
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| 16 | 16 | | (p) In this subsection, "lost revenue" means the amount of |
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| 17 | 17 | | money that is not available to a school district in a year as a |
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| 18 | 18 | | result of a reduction in state aid or an adjustment to the limit on |
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| 19 | 19 | | local revenue under Section 48.257, Education Code, that occurs |
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| 20 | 20 | | because the state value is used for the district's taxable value |
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| 21 | 21 | | under Section 403.302(c) of this code. If the comptroller |
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| 22 | 22 | | determines in the final certification of the study that the school |
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| 23 | 23 | | district's local value as determined by the appraisal district is |
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| 24 | 24 | | not valid, the comptroller shall: |
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| 25 | 25 | | (1) in consultation with the commissioner of |
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| 26 | 26 | | education, estimate the district's lost revenue attributable to the |
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| 27 | 27 | | certification; and |
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| 28 | 28 | | (2) provide the estimate described by Subdivision (1) |
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| 29 | 29 | | to the board of trustees of the district. |
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| 30 | 30 | | SECTION 2. Section 403.302(p), Government Code, as added by |
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| 31 | 31 | | this Act, applies only to a study conducted under Section 403.302, |
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| 32 | 32 | | Government Code, for a tax year that begins on or after the |
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| 33 | 33 | | effective date of this Act. |
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| 34 | 34 | | SECTION 3. This Act takes effect January 1, 2026. |
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