(a) Two contiguous school districts may adjust their common boundary by agreement if, at the time the agreement is executed:
- (1) no child who resides in the territory that is transferred from one jurisdiction to the other is enrolled in a school of the district from which the territory is transferred; and
- (2) the taxable value of the territory that is transferred from one jurisdiction to the other does not exceed one-tenth of one percent of the total taxable value of all property in the school district from which the territory is transferred.
- (b) In this section, "taxable value" has the meaning assigned by Section 403.302, Government Code.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.