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