(a) If the chief appraiser denies a timely filed application for an exemption under § 11.21 for a school that otherwise qualified for the exemption on January 1 of the year but that did not satisfy the requirements of Subsection (d)(5) of that section on that date, the school is eligible for the exemption for the tax year if the school:
(1) satisfies the requirements of § 11.21(d)(5) before the later of:
(A) July 1 of the year for which the exemption applies; or
(B) the 60th day after the date the chief appraiser notifies the school of its failure to comply with those requirements; and
(2) within the time provided by Subdivision (1), files with the chief appraiser a new completed application for the exemption together with an affidavit stating that the school has complied with the requirements of § 11.21(d)(5).
(b) If the chief appraiser cancels an exemption for a school under § 11.21 that was erroneously allowed in a tax year because the appraiser determines that the school did not satisfy the requirements of § 11.21(d)(5) on January 1 of that year, the school is eligible for the exemption for that tax year if the school:
(1) was otherwise qualified for the exemption;
(2) satisfies the requirements of § 11.21(d)(5) on or before the 30th day after the date the chief appraiser notifies the school of the cancellation; and
(3) in the time provided in Subdivision (2) files with the chief appraiser a new completed application stating that the school has complied with the requirements of § 11.21(d)(5).