Amend the Gallego amendment to CSHB 4 (on page 480 of the
amendment packet) to read as follows:
      (1)  On page 9, line 4, strike "$53.15" and substitute
"$49.60".
      (2)  On page 12, line 23, strike "70 cents" and substitute
"75 cents".
      (3)  On page 37, strike lines 11-16 and substitute the
following:
      (e-1)  Notwithstanding Subsection (e), the amount to which a
district is entitled under this section for the 1997-1998 and
1998-1999 school years may not exceed the amount to which the
district would be entitled at the lesser of the rate of 75 cents or
the maximum rate permitted under Section 26.08(g)(2)(A), Tax Code,
for the district for the 1997 tax year. This subsection expires
September 1, 1999.
      (e-2)  Notwithstanding Subsection (e), the amount to which a
district is entitled under this section for the 1999-2000 and
2000-2001 school years may not exceed the amount to which the
district would be entitled at the lesser of the rate of 75 cents or
the maximum rate permitted under Section 26.08(g-1)(2)(A), Tax
Code, for the district for the 1999 tax year. This subsection
expires September 1, 2002.
      (4)  On page 39, line 19, strike "70 cents" and substitute
"75 cents".
      (5)  On page 95, line 16, strike "70 cents" and substitute
"75 cents".
      (6)  On page 95, line 19, strike "70 cents" and substitute
"75 cents".
      (7)  On page 95, line 20, strike "80 cents" and substitute
"85 cents".
      (8)  In SECTION 1.36 of the bill, in added Section
45.0031(b-1), Education Code, as added by the Bosse amendment as
amended (amendment numbers 13 and 15), strike "70 cents" both
places it appears and substitute "75 cents".
      (9)  In SECTION 1.36 of the bill, in added Section
45.0031(b-1), Education Code, as added by the Bosse amendment as
amended (amendments numbers 13 and 15), strike "80 cents" and
substitute "85 cents".
      (10)  On page 95, between lines 23 and 24, insert the
following:
      (b-2)  For the 1997 and 1998 tax years, a school district may
levy a tax at a rate that exceeds 75 cents but not to exceed 83
cents to the extent necessary to set a rate equal to the rate
allowed under Section 26.08(g)(2)(A), Tax Code, without holding the
election required under Subsection (b). This subsection does not
authorize a rate in excess of 75 cents for any other purpose. This
subsection expires September 1, 1999.
      (11)  On page 124, line 18, strike "effective" and substitute
"<effective>".
      (12)  On page 124, line 18, between "rate" and "and," insert
"for the preceding year".
      (13)  On page 124, line 24, strike "effective".
      (14)  On page 124, line 25, between "rate" and "and," insert
"for the preceding year".
      (15)  On page 127, line 18, strike "1997 tax year" and
substitute "1997 and 1998 tax years".
      (16)  On page 127, line 19, between "1997" and "tax year",
insert "or 1998".
      (17)  On page 127, line 21, strike "70 cents" and substitute
"83 cents".
      (18)  On page 128, line 8, strike "2.5 cents" and substitute
"4 cents".
      (19)  On page 128, between lines 8 and 9, insert the
following:
      (g-1)  Subsection (a) does not apply to the 1999 tax year.
For that tax year, a school district may not adopt a tax rate for
maintenance and operations purposes that exceeds the lesser of:
            (1)  75 cents on the $100 valuation of property, except
as authorized by an election held under Section 45.0031, Education
Code; or
            (2)  a rate equal to the sum of:
                  (A)  the lesser of:
                        (i)  the maintenance and operations rate
levied by the district for the 1998 tax year; or
                        (ii)  the rate necessary for the district
to receive an amount of state and local funds per student, using
the student multipliers under Section 42.101(b), Education Code,
that is equal to the state and local funding per weighted student
for maintenance and operations to which the district would have
been entitled for that year at a rate that is five cents greater
than the rate authorized under Subsection (g)(2)(A) for the 1997
tax year; plus
                  (B)  2.5 cents.
      (20)  On page 128, line 22, strike "1999" and substitute
"2001".
      (21)  On page 177, line 8, between "to" and "each", insert
"and ordinary income from trade or business activities allocated
to".