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 or Territory: | Texas |
| Effected Jurisdiction: | Ganado 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 313.024(b)(5)) |
| Abating jurisdiction(s): | Ganado Independent School District |
| Applicable taxes: | Property Tax Tax |
| Method of abatement: | Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | The conditions under which the abated taxes may become eligible for recapture are set out in Texas Tax Code sections 313.0275, 313.0276 and 313.032. |
| Gross revenue loss: | $2,880,662 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,880,662 |
| Type of loss: | Active |
| Additional notes on dislosure: | CAFR does not disclose the amount of state funding that is to be provided. Company has agreed to make revenue protection payments as well as supplemental payments to the District in the amount of $100 per ADA or $50,000 whichever is greater, but does not disclose these amounts. Agreement made in 2012. |
