SB2370 - 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.

  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.