Amend HB 5 on page 3, between lines 25 and 26, by inserting
the following new section, appropriately numbered, and renumbering
the subsequent sections accordingly:
SECTION ____. Section 42.302(a-1), Education Code, is
amended to read as follows:
(a-1) In this section, "wealth per student" has the meaning
assigned by Section 41.001. For purposes of Subsection (a), the
dollar amount guaranteed level of state and local funds per
weighted student per cent of tax effort ("GL") for a school district
is:
(1) the amount of district tax revenue per weighted
student per cent of tax effort available to a district at the 88th
percentile in wealth per student, as determined by the commissioner
in cooperation with the Legislative Budget Board, for the
district's maintenance and operations tax effort equal to or less
than the rate equal to the product of the state compression
percentage, as determined under Section 42.2516, multiplied by the
maintenance and operations tax rate adopted by the district for the
2005 tax year;
(2) the amount of district tax revenue per weighted
student per cent of tax effort that would be available to the Austin
Independent School District, as determined by the commissioner in
cooperation with the Legislative Budget Board, if the reduction of
the limitation on tax increases as provided by Section 11.26(a-1),
(a-2), or (a-3), Tax Code, did not apply, for the first six cents by
which the district's maintenance and operations tax rate exceeds
the rate equal to the product of the state compression percentage,
as determined under Section 42.2516 and notwithstanding the
limitation on district enrichment tax rate ("DTR") under Section
42.303, multiplied by the maintenance and operations tax rate
adopted by the district for the 2005 tax year; and
(3) $31.95, for the district's maintenance and
operations tax effort that exceeds the amount of tax effort
described by Subdivision (2).