Texas Education Code - Section 42.2531. Adjustment By Commissioner
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§ 42.2531. ADJUSTMENT BY COMMISSIONER. (a) The
commissioner may make adjustments to amounts due to a school
district under this chapter or Chapter 46, or to amounts necessary
for a district to comply with the requirements of Chapter 41, as
provided by this section.
(b) A school district that has a major taxpayer, as
determined by the commissioner, that because of a protest of the
valuation of the taxpayer's property fails to pay all or a portion
of the ad valorem taxes due to the district may apply to the
commissioner to have the district's taxable value of property or ad
valorem tax collections adjusted for purposes of this chapter or
Chapter 41 or 46. The commissioner may make the adjustment only to
the extent the commissioner determines that making the adjustment
will not:
(1) in the fiscal year in which the adjustment is made,
cause the amount to which school districts are entitled under this
chapter to exceed the amount appropriated for purposes of the
Foundation School Program for that year; and
(2) if the adjustment is made in the first year of a
state fiscal biennium, cause the amount to which school districts
are entitled under this chapter for the second year of the biennium
to exceed the amount appropriated for purposes of the Foundation
School Program for that year.
(c) The commissioner shall recover the benefit of any
adjustment made under this section by making offsetting adjustments
in the school district's taxable value of property or ad valorem tax
collections for purposes of this chapter or Chapter 41 or 46 on a
final determination of the taxable value of property that was the
basis of the original adjustment, or in the second school year
following the year in which the adjustment is made, whichever is
earlier.
(d) This section does not require the commissioner to make
any requested adjustment. A determination by the commissioner
under this section is final and may not be appealed.
Added by Acts 2001, 77th Leg., ch. 1156, § 5, eff. Sept. 1, 2001.
Section: 42.2515 42.2516 42.2517 42.2521 42.2522 42.253 42.2531 42.254 42.255 42.257 42.258 42.259 42.260 42.261
Last modified: August 10, 2007
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