Chapter 313 Agreements
- What are Chapter 313 Agreements?
- What are State "Recapture" Payments?
- What about Wealth Equalization / Recapture for All Texas Students?
- What about Environmental Concerns?
- What happens if a Chapter 313 Agreement is *NOT* Approved?
- How have Approved Chapter 313 Agreements impacted Gregory-Portland ISD?
- What other School Districts have Chapter 313 Agreements?
- What agreements are currently under consideration?
CLICK HERE to view the Texas Comptroller of Accounts' Listing of Chapter 313 Applications for school districts across the state (current applications for Gregory-Portland ISD are listed here).
Corpus Christi Liquefaction, LLC (Cheniere Energy) applied for a Chapter 313 Agreement with the school district for two scheduled projects (Trains 4 & 5). Trustees invited the community to provide input at three regular board meetings. Following those opportunities, the agreements were approved by the school board on Tuesday, August 29, 2017. The information below was presented to the school board prior to approval, and reveals the financial implications of these agreements.
Financial and legal experts attended a regular board meeting of the G-PISD Board of Trustees on January 17, 2017, to provide a report regarding the school district's current financial status with its existing Chapter 313 Agreements in place, as well as financial projections related to how that situation would change if the ExxonMobil / SABIC / GCGV project were built within the district.
Posted below is a two-page summary of the content presented at the board meeting, a full copy of the presentation from that evening, and a document containing supplemental data that shows the same financial projections in the report (formatted as a listing by year rather than in a chart). Financial estimates were provided by Moak, Casey, & Associates, and are based on the latest information as of January 17, 2017.