| 1 | 1 | | 89R662 MEW-D |
|---|
| 2 | 2 | | By: Hinojosa of Hidalgo S.B. No. 435 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | |
|---|
| 6 | 6 | | |
|---|
| 7 | 7 | | A BILL TO BE ENTITLED |
|---|
| 8 | 8 | | AN ACT |
|---|
| 9 | 9 | | relating to an adjustment for certain school districts under the |
|---|
| 10 | 10 | | public school finance system for revenue lost due to the use of the |
|---|
| 11 | 11 | | state value of the district's taxable value of property determined |
|---|
| 12 | 12 | | by the comptroller of public accounts. |
|---|
| 13 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 14 | 14 | | SECTION 1. Subchapter F, Chapter 48, Education Code, is |
|---|
| 15 | 15 | | amended by adding Section 48.2711 to read as follows: |
|---|
| 16 | 16 | | Sec. 48.2711. ADJUSTMENT FOR LOSS OF REVENUE DUE TO USE OF |
|---|
| 17 | 17 | | STATE VALUE. (a) This section applies only to a school district |
|---|
| 18 | 18 | | for which the state value for the district's taxable value of |
|---|
| 19 | 19 | | property is used under Section 403.302(c), Government Code. |
|---|
| 20 | 20 | | (b) For each school district to which this section applies, |
|---|
| 21 | 21 | | the agency shall determine whether the district's entitlement under |
|---|
| 22 | 22 | | this chapter for a school year is greater if the district's taxable |
|---|
| 23 | 23 | | value of property is: |
|---|
| 24 | 24 | | (1) the local value; or |
|---|
| 25 | 25 | | (2) the state value as determined by the comptroller |
|---|
| 26 | 26 | | under Sections 403.302(a) and (b), Government Code. |
|---|
| 27 | 27 | | (c) If the agency determines under Subsection (b) that the |
|---|
| 28 | 28 | | school district's entitlement is greater for the applicable school |
|---|
| 29 | 29 | | year using the local value for the district's taxable value of |
|---|
| 30 | 30 | | property, the commissioner shall increase state aid or adjust the |
|---|
| 31 | 31 | | limit on local revenue under Section 48.257 for the district for |
|---|
| 32 | 32 | | that school year in an amount equal to: |
|---|
| 33 | 33 | | (1) for the first school year in which this subsection |
|---|
| 34 | 34 | | applies to the district, 75 percent of the difference between the |
|---|
| 35 | 35 | | amounts determined under Subsection (b); |
|---|
| 36 | 36 | | (2) for the second consecutive school year in which |
|---|
| 37 | 37 | | this subsection applies to the district, 50 percent of the |
|---|
| 38 | 38 | | difference between the amounts determined under Subsection (b); and |
|---|
| 39 | 39 | | (3) for the third consecutive school year in which |
|---|
| 40 | 40 | | this subsection applies to the district, 25 percent of the |
|---|
| 41 | 41 | | difference between the amounts determined under Subsection (b). |
|---|
| 42 | 42 | | (d) A school district may not receive an adjustment under |
|---|
| 43 | 43 | | this section for more than three consecutive school years. If a |
|---|
| 44 | 44 | | school district receives an adjustment under this section for three |
|---|
| 45 | 45 | | consecutive school years, the district is not eligible to receive |
|---|
| 46 | 46 | | an adjustment under this section in the subsequent school year but |
|---|
| 47 | 47 | | may be again eligible for the adjustment following a school year for |
|---|
| 48 | 48 | | which the local value is used for the district's taxable value of |
|---|
| 49 | 49 | | property under Section 403.302(c), Government Code. |
|---|
| 50 | 50 | | SECTION 2. This Act takes effect September 1, 2025. |
|---|