Amend HB 1449 as follows:
      (1)  Add the following new SECTION to read as follows:
      "SECTION _____.  Section 312.002, Tax Code, is amended by
adding Subsections (e) and (f) to read as follows:
      (e)  "Taxing unit" has the meaning assigned by Section 1.04,
except that for a tax abatement agreement executed on or after
September 1, 2001, the term does not include a school district that
is subject to Chapter 42, Education Code, and that is organized
primarily to provide general elementary and secondary public
education.
      (f)  On or after September 1, 2001, a school district may not
enter into a tax abatement agreement under this chapter."
      (2)  Delete SECTION 2 and substitute the following:
      "SECTION 2.  (a)  The changes in law made by this Act apply
to a tax abatement agreement executed or modified under Chapter
312, Tax Code, as amended by this Act, on or after September 1,
2001.  The execution or modification of a tax abatement agreement
under Chapter 312, Tax Code, as amended by this Act, before
September 1, 2001, is covered by the law in effect immediately
before September 1, 2001, and the former law is continued in effect
for that purpose.
      (b)  This Act takes effect immediately if it receives a vote
of two-thirds of all the members elected to each house, as provided
by Section 39, Article III, Texas Constitution.  If this Act does
not receive the vote necessary for immediate effect, this Act takes
effect September 1, 2001."