Bill Text: TX HB2463 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 2463

Introduced

Bill Title: Relating to an adjustment for certain school districts under the public school finance system for revenue lost due to the use of the state value of the district's taxable value of property determined by the comptroller of public accounts.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2023-03-13 - Referred to Public Education [HB2463 Detail]

Download: Texas-2023-HB2463-Introduced.html

	88R2558 MM-F

	By: Lozano	H.B. No. 2463



	A BILL TO BE ENTITLED
	AN ACT
	relating to an adjustment for certain school districts under the
	public school finance system for revenue lost due to the use of the
	state value of the district's taxable value of property determined
	by the comptroller of public accounts.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Subchapter F, Chapter 48, Education Code, is
	amended by adding Section 48.2711 to read as follows:
	Sec. 48.2711. ADJUSTMENT FOR LOSS OF REVENUE DUE TO USE OF
	STATE VALUE. (a) This section applies only to a school district
	for which the state value for the district's taxable value of
	property is used under Section 403.302(c), Government Code.
	(b) For each school district to which this section applies,
	the agency shall determine whether the district's entitlement under
	this chapter for a school year is greater if the district's taxable
	value of property is:
	(1) the local value; or
	(2) the state value as determined by the comptroller
	under Sections 403.302(a) and (b), Government Code.
	(c) If the agency determines under Subsection (b) that the
	school district's entitlement is greater for the applicable school
	year using the local value for the district's taxable value of
	property, the commissioner shall increase state aid or adjust the
	limit on local revenue under Section 48.257 for the district for
	that school year in an amount equal to the difference between the
	amounts determined under Subsection (b).
	(d) A school district may not receive an adjustment under
	this section for more than two consecutive school years. If a
	school district receives an adjustment under this section for two
	consecutive school years, the district is not eligible to receive
	an adjustment under this section in the subsequent school year but
	may be again eligible for the adjustment following a school year for
	which the local value is used for the district's taxable value of
	property under Section 403.302(c), Government Code.
	SECTION 2. This Act takes effect September 1, 2023.