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Amend CSSB 4 (Senate committee printing) in SECTION 2 of the 
bill, in added Section 11A.202, Education Code (page 13, line 44, 
through page 14, line 15), by striking Subsections (b)-(f) and 
substituting the following:
	(b)  In accordance with this section, a charter holder is 
initially eligible for instructional facilities allotments for a 
campus of a public charter district for which the charter holder has 
been granted a charter if:
		(1)  the campus has for the two preceding school years 
been rated recognized or exemplary under Subchapter D, Chapter 39; 
and
		(2)  on the most recent audit of the financial 
operations of the district conducted pursuant to Section 11A.210, 
the district has satisfied generally accepted accounting standards 
of fiscal management as evidenced by an unqualified opinion in the 
standard audit report issued and filed pursuant to Section 11A.210.
	(c)  Once a public charter district campus satisfies the 
initial eligibility requirements under Subsection (b)(1) and 
receives an allotment under this section, the campus continues to 
remain eligible until the campus receives an accountability rating 
of academically acceptable for three consecutive school years under 
Subchapter D, Chapter 39, at which point the campus is again subject 
to the eligibility requirements of Subsection (b)(1).
	(d)  The commissioner annually shall review the eligibility 
of a public charter district campus for purposes of this section.
	(e)  Except as otherwise provided by this section, a charter 
holder that is eligible for an allotment under this section is 
entitled to an annual allotment in an amount determined by the 
commissioner, not to exceed $1,000 or a different amount provided 
by appropriation, for each student in average daily attendance 
during the preceding year at a public charter district campus that 
satisfies the initial eligibility requirements under Subsection 
(b)(1).
	(f)  A charter holder who receives funds under this section 
may use the funds only for a public charter district campus for 
which the funds were paid under Subsection (e) and only to:
		(1)  purchase real property on which to construct an 
instructional facility for the campus;
		(2)  purchase, lease, construct, expand, or renovate 
instructional facilities for the campus;
		(3)  pay debt service in connection with instructional 
facilities purchased or improved for the campus; or
		(4)  maintain and operate instructional facilities for 
the campus.