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: | Yoakum 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): | Yoakum Independent School District |
| Applicable taxes: | Property Tax |
| Method of abatement: | (not specified) |
| 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: | $4,987,988 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $4,987,988 |
| Type of loss: | Active |
| Additional notes on dislosure: | CAFR does not disclose the amount of state funding that is to be provided. Company has committed to pay supplemental payments to the district in the amount of $100 per ADA or $50,000, whichever is greater. Agreement made in 2012. |
