Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Texas |
| Effected Jurisdiction: | Borden County Independent School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2019 |
| Program name: | Value Limitation Agreement |
| Program purpose: | General Economic Development |
| Statutory authority: | Texas Economic Development Act (Tax Code 313) |
| Abating jurisdiction(s): | Borden County Independent School District |
| Applicable taxes: | Property Tax Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | In the event that an entity terminates the agreement without the consent of the District, or in the event that the company or its successor-in-interest fails to comply in any material respect with the terms of the agreement or to meet any material obligation under the agreement, then the District shall be entitled to the recapture of all Property Tax tax revenue lost as a result of the agreement together with the payment of penalty and interest on that recaptured Property Tax tax revenue. |
| Gross revenue loss: | $1,509,297 |
| Reimbursement / offset: | $85,238 |
| Net revenue loss: | $1,424,059 |
| Type of loss: | Active |
| Additional notes on dislosure: | Agreement made in 2015. District also has other agreements that are not yet in affect and therefore has no financial impact for this fiscal year. |
