Amend SB 447 as follows:                                                     
	(1)  On Page 13, Line 6 add at the end of Section 274.019, the 
following sentence:
	"A tax receivable sold under this chapter is recognized for 
purposes of rollback calculations in the year in which the actual 
taxes are collected."
	(2)  On page 13, replace lines 7 through 14 with the 
following:              
	"Sec. 274.020.  EFFECT OF SALE BY SCHOOL DISTRICT OF TAX 
RECEIVABLE.  The allocation of state or federal funds to a school 
district or the entitlement of the school district to state or 
federal funds under the Education Code is not affected by sale of an 
ad valorem tax receivable under this chapter. A tax receivable sold 
under this chapter is recognized for purposes of allocating state 
or federal funds in the year in which the actual taxes are 
collected. The taxable value of property in the district is not 
affected by sale of an ad valorem tax receivable under this chapter 
for purposes of the allocation of or entitlement to those funds."