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: | Channelview 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): | Channelview Independent School District |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | The Agreement provides for recapture along with penalty and interest costs in the event of a material breach. |
| Gross revenue loss: | $11,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $11,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | CAFR does not disclose revenue protection payment or supplemental payment amounts. Gross revenue loss is an approximate amount. Agreement began in 2015. |
