Section 48.2542 - [Effective 1/1/2025] Additional State Aid For Adjustment Of Limitation On Tax Increases On Homestead Of Elderly Or Disabled Notwithstanding any other provision of this chapter, if a school district is not fully compensated through state aid or the calculation of excess local revenue under this chapter based on the determination of the district's taxable value of property under Subchapter M, Chapter 403, Government Code, the district is entitled to additional state aid in the amount necessary to fully compensate the district for the amount of ad valorem tax revenue lost due to a reduction of the amount of the limitation on tax increases provided by Section 11.26(a-10)(a-11), and (a-12), Tax Code.
Tex. Educ. Code § 48.2542
Amended by Acts 2023SP2, Texas Acts of the 88th Leg. -, ch. TBD,Sec. 3.05, eff. 1/1/2025 if Article 3 takes effect on the date on which the constitutional amendment proposed by H.J.R. 2, 88th Legislature, 2nd Called Session, 2023, takes effect; and if that amendment is not approved by the voters, has no effect(approved by the voters 11/7/2023; eff. 1/1/2025).Amended by Acts 2023SP2, Texas Acts of the 88th Leg. -, ch. TBD,Sec. 3.04, eff. on the date on which the constitutional amendment proposed by H.J.R. 2, 88th Legislature, 2nd Called Session, 2023, takes effect; and if that amendment is not approved by the voters, has no effect(approved by the voters 11/7/2023).Added by Acts 2021SP2, Texas Acts of the 87th Legislature - Second Special Session, ch. 14,Sec. 2, eff. 1/1/2023.This section is set out more than once due to postponed, multiple, or conflicting amendments.