85R10898 JCG-F
 
  By: Rodriguez of Travis H.B. No. 3074
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to compensation to be paid to an emergency services
  district for a municipality's annexation of the district's
  territory.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 775.022(e), Health and Safety Code, is
  amended to read as follows:
         (e)  The amount of compensation under Subsection (c) shall be
  determined by multiplying the district's total indebtedness at the
  time of the annexation by a fraction:
               (1)  the numerator of which is the assessed value of the
  property to be annexed based on the most recent certified county
  property tax rolls at the time of annexation plus the total amount
  of the district's sales and use tax revenue collected by retailers
  located in the property to be annexed in the 12 months preceding the
  date of annexation, as reported by the comptroller; and
               (2)  the denominator of which is the total assessed
  value of the property of the district based on the most recent
  certified county property tax rolls at the time of annexation plus
  the total amount of the district's sales and use tax revenue
  collected by retailers located in the district in the 12 months
  preceding the date of annexation, as reported by the comptroller.
         SECTION 2.  This Act takes effect September 1, 2017.