Texas Statutes
Subchapter M. Withdrawal of Territory From Authority
Section 451.614. Refunds of Excess Sales and Use Tax Revenue

Sec. 451.614. REFUNDS OF EXCESS SALES AND USE TAX REVENUE. (a) The comptroller shall refund to the unit of election the amount of the authority's sales and use tax revenue:
(1) that is in excess of the net financial obligation of the unit and was collected in the unit after the date of withdrawal; or
(2) if the unit's share of authority assets exceeded the unit's gross financial obligation to the authority, that was collected in the unit after the date of withdrawal.
(b) The comptroller may:
(1) determine the amount refundable under Subsection (a) in any reasonable manner;
(2) subtract any deduction otherwise allowed by law; and
(3) determine whether to pay a refund under this section from the suspense account of the authority or from other sales and use tax revenue of the authority.
(c) If the withdrawn unit of election has continuously been a part of the authority since the authority was confirmed at the initial confirmation election, the comptroller shall also refund to the governing body of the unit an amount equal to the amount by which the unit's apportioned share of the authority's assets exceeds the gross financial obligation of the unit.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

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