Amend the Callegari amendment to CSHB 3928 (page 58 of the 
amendment packet) as follows:
	(1)  On page 1 of the amendment, lines 10 and 17, strike "70 
cents" both places it appears and substitute "50 cents".
	(2)  On page 2 of the amendment, line 2, strike "70 cents" and 
substitute "50 cents".
	(3)  On page 2 of the amendment, following line 23, insert 
the following:    
	SECTION ____. Section 403.109, Government Code, is amended by 
amending Subsection (c) and adding Subsection (c-1) to read as 
follows:
	(c)  Subject to Subsection (c-1), beginning [Beginning] in 
the state fiscal year that begins after the first tax year in which 
the average school district maintenance and operations tax rate is 
not more than $1.00 per $100 of taxable value, any money remaining 
in the fund after a sufficient amount of money is appropriated in 
that state fiscal year to maintain an average school district 
maintenance and operations tax rate of $1.00 per $100 of taxable 
value may be appropriated only as follows:
		(1)  two-thirds of the money appropriated from the fund 
may be appropriated only for a purpose that will result in a further 
reduction of the average school district maintenance and operations 
tax rate;  and
		(2)  one-third of the money appropriated from the fund 
may be appropriated only for the purpose of increasing the level of 
equalization of school district enrichment tax effort to the extent 
that limits reliance by school districts on local property tax 
effort and decreases the enrichment tax rates of districts.
	(c-1) Beginning in the state fiscal year that begins after 
the first tax year in which the average school district maintenance 
and operations tax rate is not more than 50 cents per $100 of 
taxable value, any money remaining in the fund after a sufficient 
amount of money is appropriated in that state fiscal year to 
maintain an average school district maintenance and operations tax 
rate of 50 cents per $100 of taxable value may be appropriated only 
as follows:
		(1)  one third of the money appropriated from the fund 
may be appropriated only for a purpose that will result in a further 
reduction of the average school district maintenance and operations 
tax rate;
		(2)  one-third of the money appropriated from the fund 
may be appropriated only for the purpose of increasing the level of 
equalization of school district enrichment tax effort to the extent 
that limits reliance by school districts on local property tax 
effort and decreases the enrichment tax rates of districts; and
		(3)  one-third of the money appropriated from the fund 
may be appropriated only for the purpose of reducing franchise tax 
rates under Chapter 171, Tax Code.