Issue Date: 2005-09-01
Revised Date:

Legal Cites

Origin:

2005 by S.B. 1351, S.B. 1605, H.B. 182, 79th Leg., R.S.

Purpose

A property owner may appeal through binding arbitration under the chapter if an appraisal review board order determining a protest if the value of the property is $1 million or less and the appeal doesn't involve any other matter in dispute. The property owner must file with the appraisal district and pay an arbitration deposit of $500. Depending on determination of the appeal, comptroller shall refund the deposit to the property owner or pay the arbitrator from the deposit, retain administrative costs and return the difference to the property owner.
Classification Group 08: Trust Funds [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure

Administering Agencies

Note

USAS Values

USAS Title BINDING ARBITRATION TRUST FUND
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status A
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities