Amend SB 1090 by striking SECTION 1 of the bill (committee
printing page 1, lines 11-16) and substituting the following:
      SECTION 1.  Section 271.005, Local Government Code, is
amended by adding Subsections (e) and (f) to read as follows:
      (e)  The aggregate ad valorem tax rate of a school district
levied for maintenance and operations purposes and pledged to the
payment of contracts that have terms longer than one year, up to a
maximum of $0.05 per $100 of valuation, is considered debt for
purposes of Section 26.012(7), Tax Code, if, before adopting a tax
rate that includes a portion of the tax rate levied for maintenance
and operations purposes as a tax levied for debt purposes, the
board of trustees of the district publishes a notice of the board's
intention to consider a portion of the tax rate levied for
maintenance and operations purposes as a tax levied for debt
purposes.
      (f)  The notice required by Subsection (e) must:
            (1)  be published in a newspaper of general circulation
in the district, not later than the 15th day before the date set
for the board meeting at which the tax rate is to be adopted; and
            (2)  contain a statement in the following form:
            "NOTICE OF INTENTION TO TREAT SCHOOL DISTRICT
            MAINTENANCE AND OPERATIONS TAXES AS DEBT TAXES
      "The board of trustees of (name of school district), in
adopting a tax rate, will consider a proposal to treat maintenance
and operations taxes as taxes levied for the payment of a debt.
This will have the effect of raising the district's rollback tax
rate, which is the limit on the amount of a tax rate increase over
the previous year's rate that the district may adopt without
holding an election."