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Amend CSHB 2 as follows:
(1) In the introductory language of Section 1A.12 of the
bill (committee printing, page 4, line 3), strike "(e) and (f)" and
substitute "(e), (f), and (g)".
(2) At the end of Section 1A.12 of the bill (committee
printing, page 4, between lines 21 and 22), insert the following:
(g) Notwithstanding Subsections (d), (e), and (f), if a
school district's maintenance and operations tax rate for the 2004
tax year exceeded a rate of $1.50 for each $100 of taxable value of
property, the district is entitled to impose an ad valorem tax under
this section:
(1) without authorization at an election held for that
purpose; and
(2) at a rate not to exceed the sum of:
(A) the rate authorized under this section; and
(B) a rate equal to the amount by which the
district's maintenance and operations tax rate for the 2004 tax
year exceeded a rate of $1.50 for each $100 of taxable value of
property.