Floor Packet Page No. 50 Amend CSSB 7 as follows: (1) In SECTION 40 of the bill, between proposed Sections 39.901 and 39.902, Utilities Code (house committee printing page 142, between lines 21 and 22), insert the following: Sec. 39.9015. PROPERTY TAX LOSS REIMBURSEMENT FOR CERTAIN TAXING UNITS. (a) In this section, "affected taxing unit" means a taxing unit, as defined by Section 1.04, Tax Code, other than a school district, that levied an ad valorem tax on a nuclear asset of an electric utility on January 1, 1999. (b) Not later than August 1 of each year, the chief appraiser of each appraisal district in which a nuclear asset of an electric utility was located on January 1, 1999, shall determine for each affected taxing unit that participates in the appraisal district the amount, if any, by which the taxable value of the nuclear asset has decreased from the preceding tax year to the current tax year as a direct result of electric utility restructuring. (c) Not later than August 15 of each year, a chief appraiser required to make a determination under Subsection (b) shall certify in a written report delivered to the comptroller: (1) the amount of any reduction in the taxable value of the asset determined under Subsection (b) for each affected taxing unit that participates in the appraisal district; and (2) the tax rate for the preceding tax year for each affected taxing unit. (d) Not later than September 1 of each year, the comptroller shall: (1) examine, verify, and correct, if necessary, the information in each report received under Subsection (c); (2) determine, as provided by Subsection (f), the amount of reimbursement to which each affected taxing unit is entitled for any reduction in the taxable value of a nuclear asset of an electric utility that has occurred from the preceding tax year to the current tax year as a direct result of electric utility restructuring; and (3) notify the commission of the amount of reimbursement determined under Subdivision (2). (e) Not later than November 1 of each year, the commission shall transfer from the system benefit fund to each affected taxing unit that is entitled to reimbursement the amount of the taxing unit's reimbursement determined by the comptroller. (f) The comptroller shall determine the amount of reimbursement to which an affected taxing unit is entitled for a year by multiplying the tax rate of the taxing unit for the preceding tax year by the amount of the reduction in the taxable value of the nuclear asset from the preceding tax year to the current tax year as a direct result of electric utility restructuring. (g) This section expires December 31, 2007. (2) In SECTION 40 of the bill, strike proposed Section 39.903(e), Utilities Code (house committee printing page 144, lines 20-26), and substitute the following: (e) The system benefit fund shall provide funding solely for: (1) customer education programs; (2) programs to assist low-income electric customers provided by Subsections (f)-(k); (3) the school funding loss mechanism under Section 39.901; and (4) the property tax loss reimbursement paid to taxing units under Section 39.9015.