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Amend HB 2785 as follows:
(1) On page 1, strike lines 4 and 5 and substitute the
following:
SECTION 1. Section 42.2516, Education Code, is amended by
amending Subsection (a-1) and adding Subsection (a-2) to read as
follows:
(2) On page 1, line 10, between "percent." and "[This",
insert the following:
(a-2) Notwithstanding Subsection (a-1), for the state fiscal
year ending August 31, 2008, or a subsequent state fiscal year, the
state compression percentage may be less than 66.67 percent only if
sufficient state funds to achieve that compression percentage are
available and appropriated from the property tax relief fund
established under Section 403.109, Government Code, and the
commissioner may not use funds appropriated from the general
revenue fund to achieve that lesser compression percentage.