Amend CSHB 5 as follows:                                                     

(1)  On page 3, line 3, strike "Effective September 30, 	2005,".              
	(2)  On page 3, line 15, strike "Effective September 30, 
2005, the" and substitute "The".
	(3)  Strike Section 7 of the bill (page 5, lines 8 and 9) and 
substitute the following:
	SECTION 7.  (a)  Except as provided by Subsections (b) and 
(c) of this section, this Act takes effect September 1, 2003.
	(b)  Sections 4 and 5 of this Act take effect September 1, 
2005, but only if, before that date:
		(1)  the legislature has enacted an alternate school 
finance system that eliminates disparities among school districts 
in the amount of taxable valuation of property per student;
		(2)  the legislature has, by majority vote, determined 
that the alternate school finance system enacted under Subdivision 
(1) of this subsection is equitable; and
		(3)  the alternate school finance system enacted under 
Subdivision (1) of this subsection has become law.
	(c)  If, before September 1, 2005, an alternate school 
finance system has not been enacted and become law as provided by 
Subsection (b) of this section, Sections 4 and 5 of this Act have no 
effect.