New M&O Revenue definition

New M&O Revenue means, with respect to any school year, the total State and local Maintenance and Operations Revenue that the District received, after all adjustments have been made to such Maintenance and Operations Revenue in accordance with the provisions of the Applicable School Finance Law for such school year.

New M&O Revenue shall have the same meaning as assigned to such term in Section 4.2.A.ii of this Agreement.

New M&O Revenue means the total State and local Maintenance and Operations Revenue that the District would have received for such school year, calculated in accordance with TEXAS EDUCATION CODE Section 48.256(d), with the Limitation Amount specified in Section 2.4 applied to Applicant’s Qualified Property.

Examples of New M&O Revenue in a sentence

• If, for any year of this Agreement, the difference between the Original M&O Revenue and the New M&O Revenue, as calculated under this Section 4.2 of this Agreement, results in a negative number, the negative number will be considered to be zero.

• Notwithstanding any other provision in this Agreement, the Lost M&O Revenue owed by Applicant to District means the Original M&O Revenue minus the New M&O Revenue.

• For all calculations made for years during the Tax Limitation Period under Section 4.2 of this Agreement, New M&O Revenue will reflect the Tax Limitation Amount for such year.

• Subject to the limitations contained in this Section 4.2, the Lost M&O Revenue owed by Applicant to District means the Original M&O Revenue minus the New M&O Revenue.

• Notwithstanding any other provision in this Agreement, the M&O Amount owed by Applicant to District means the Original M&O Revenue minus the New M&O Revenue.

More Definitions of New M&O Revenue

New M&O Revenue means the total State and local Maintenance and Operations Revenue that District actually received for such school year.

New M&O Revenue shall have the meaning set forth in Section 4.2(A)(ii) of this Agreement.

New M&O Revenue means the local Maintenance and Operations Tax Collections and any state aid (Tier II funding) that the District actually collected for the property that is the subject of this Agreement for the current Tax Year pursuant to the limitation on appraised value as set forth in this Agreement.

New M&O Revenue means the local Maintenance and Operations Tax Collections and any state aid (Tier II funding) that the District actually received for the property that is the subject of this Agreement for the current Tax Year pursuant to the limitation on appraised value as set forth in this Agreement.

New M&O Revenue has the meaning given such term in Section 4.2.A ii.

New M&O Revenue means the total State and local Maintenance and Operations Revenue that District would have actually received for such school year if calculated using prior year taxable values.

New M&O Revenue means the total State and local Maintenance & Operations Revenue that the District actually received for such school year, after all adjustments have been made to such Maintenance and Operations Revenue because of any portion of this Agreement.