Tex. Educ. Code § 48.258 · Subchapter F. FINANCING THE PROGRAM
ADJUSTMENT FOR RAPID DECLINE IN TAXABLE VALUE OF PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For purposes of Chapters 46 and 49 and this chapter, and to the extent money specifically authorized to be used under this section is available, the commissioner shall adjust the taxable value of property in a school district that, due to factors beyond the control of the board of trustees, experiences a rapid decline in the tax base used in calculating taxable values in excess of four percent of the tax base used in the preceding year.
(b) To the extent that a sufficient amount of money is not available to fund all adjustments under this section, the commissioner shall reduce adjustments in the manner provided by Section 48.266(f) so that the total amount of adjustments equals the amount of money available to fund the adjustments.
(c) A decision of the commissioner under this section is final and may not be appealed.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 396, Sec. 1.18, eff. Sept. 1, 1999.
Transferred, redesignated and amended from Education Code, Section 42.2521 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.042, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.48.htm
- Text hash
- sha256 2e0938d43d79f1095cc8f1f99b9c8441fe97d6591029cb438cc3e73dfff1ff78
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 6 provisions
Provisions in this library whose text cites Tex. Educ. Code § 48.258. Each shows the citation as that text prints it.
Education Code
- Tex. Educ. Code § 7.062SCIENCE LABORATORY GRANT PROGRAM.Printed as Section 48.258 | Sections 48.258, 48.259, and 48.267
- Tex. Educ. Code § 46.003SCHOOL FACILITIES ALLOTMENT.Printed as Section 48.258
- Tex. Educ. Code § 46.006SHORTAGE OR EXCESS OF FUNDS APPROPRIATED FOR NEW PROJECTS.Printed as Section 48.258
- Tex. Educ. Code § 46.032ALLOTMENT.Printed as Section 48.258
- Tex. Educ. Code § 48.202TIER TWO ALLOTMENT.Printed as Section 48.258
- Tex. Educ. Code § 48.259ADJUSTMENT FOR OPTIONAL HOMESTEAD EXEMPTION.Printed as Section 48.258
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