HISD may get 'recapture' reprieve courtesy of Harvey

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The Houston Independent School District may be able to avoid paying part – or perhaps all – of its over $100 million state-mandated recapture payment The potential reprieve comes after a school board lawyer found a state law allows districts that suffer storm damage to use recapture dollars to help campuses get back on their feet.
The law, passed in 2009 in the wake of Hurricane Ike, permits districts located within counties designated as “disaster areas” to use their recapture payments to help cover disaster-related costs.
Recapture is the process by which the state of Texas collects money from so-called property wealthy districts to help buoy districts in poorer and often more rural areas.

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