Amend Floor Amendment No. 3 by Hochberg to CSHB 3646 as
follows:
(1) Strike page 6, lines 17-28, of the amendment and
substitute the following:
and operations tax rate, provided that the district adopts a
maintenance and operations tax rate for that school year at a rate
at least equal to the greater of the rate adopted by the district
for the 2008-2009 school year or the rate equal to the product of
the state compression percentage multiplied by the maintenance and
operations tax rate adopted by the district for the 2005 tax year.
If the district adopts a maintenance and operations tax at a rate
lower than the greater of those rates, the commissioner shall
exclude maintenance and operations tax revenue resulting from the
first six cents by which the district's effective maintenance and
operations tax rate exceeds 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) On page 9 of the amendment, strike lines 9-23 and
substitute the following:
(19) On page 37, line 14, between "42.252" and the period,
insert ", provided that the district adopts a maintenance and
operations tax rate at a rate at least equal to the greater of the
rate adopted by the district for the 2008-2009 school year or the
rate equal to the product of the state compression percentage
multiplied by the maintenance and operations tax rate adopted by
the district for the 2005 tax year.".
(20) On page 37, line 22, insert the following after the
period:
If a district adopts a maintenance and operations tax rate at
a rate lower than the greater of the rates described above, the
district is entitled to the guaranteed level described by this
subsection for the first six cents by which the district's
effective maintenance and operations tax rate exceeds the rate
equal to the product of the state compression percentage multiplied
by the maintenance and operations tax rate adopted by the district
for the 2005 tax year.