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A BILL TO BE ENTITLED
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AN ACT
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relating to the Texas Economic Development Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 313, Tax Code, is amended |
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by adding Section 313.008 to read as follows: |
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Sec. 313.008. CONFLICT OF INTEREST. (a) A member of the |
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board of trustees of a school district with which an application for |
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a limitation on appraised value is filed under this chapter shall |
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disclose in writing to the board president and the comptroller if |
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the member has an interest in a matter related to the application or |
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has a substantial financial interest in an entity that has a direct |
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interest in a matter related to the application. |
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(b) The member shall recuse himself or herself from the |
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board's deliberations on matters relating to the application and |
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may not participate in any decision by the board on those matters. |
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(c) A person has a substantial financial interest in an |
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entity if the person: |
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(1) is an employee, member, director, or officer of |
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the entity; or |
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(2) owns or controls, directly or indirectly, more |
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than a five percent interest in the entity. |
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SECTION 2. Section 313.027(i), Tax Code, is amended to read |
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as follows: |
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(i) A person and the school district may not enter into an |
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agreement under which the person agrees to provide supplemental |
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payments to a school district or any other entity on behalf of a |
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school district in an amount that exceeds an amount equal to the |
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greater of $100 per student per year in average daily attendance, as |
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defined by Section 42.005, Education Code, or $37,500 [$50,000] per |
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year, or for a period that exceeds the period beginning with the |
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period described by Section 313.021(4) and ending December 31 of |
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the third tax year after the date the person's eligibility for a |
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limitation under this chapter expires. This limit does not apply |
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to amounts described by Subsection (f)(1) or (2). |
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SECTION 3. Section 313.032(c), Tax Code, is amended to read |
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as follows: |
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(c) The portion of the report described by Subsection (a)(2) |
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must be based on data certified to the comptroller by each recipient |
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or former recipient of a limitation on appraised value under this |
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chapter. The comptroller shall verify the data using any source the |
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comptroller considers reliable. |
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SECTION 4. Section 313.027(i), Tax Code, as amended by this |
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Act, applies only to an agreement entered into pursuant to an |
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application filed under Chapter 313, Tax Code, on or after the |
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effective date of this Act. An agreement entered into pursuant to |
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an application filed under that chapter before the effective date |
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of this Act is governed by the law in effect on the date the |
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application was filed, and the former law is continued in effect for |
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that purpose. |
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SECTION 5. This Act takes effect September 1, 2017. |