Amend CSHB 3676 (House committee printing) as follows:                       

(1)  On page 7, line 1, strike "Subsection (a)" and 	substitute "Subsections (a), (b), and (d)".
	(2)  On page 8, between lines 8 and 9, insert the following:                   
	(b)  The governing body of a school district is not required 
to consider an application for a limitation on appraised value that 
is filed with the governing body under Subsection (a).  If the 
governing body of the school district does elect to consider an 
application, the governing body shall deliver three copies of the 
application to the comptroller and request that the comptroller 
provide an economic impact evaluation of the application to the 
school district.  Except as provided by Subsection (b-1), the 
comptroller shall conduct or contract with a third person to 
conduct the evaluation, which shall be completed and provided to 
the governing body of the school district as soon as 
practicable.  The governing body shall provide to the comptroller 
or third person any requested information.  A methodology to allow 
comparisons of economic impact for different schedules of the 
addition of qualified investment or qualified property may be 
developed as part of the economic impact evaluation.  The governing 
body shall provide a copy of the evaluation to the applicant on 
request.  The comptroller may charge and collect a fee sufficient 
to cover the costs of providing the economic impact 
evaluation.  The governing body of a school district shall approve 
or disapprove an application before the 151st [121st] day after the 
date the application is filed, unless the economic impact 
evaluation has not been received or an extension is agreed to by the 
governing body and the applicant.
	(d)  Before the 91st [61st] day after the date the 
comptroller receives the copy of the application, the comptroller 
shall submit a recommendation to the governing body of the school 
district as to whether the application should be approved or 
disapproved.
	(3)  On page 14, strike line 19 and substitute the following:                  

exceeds the period beginning with the period described by Section 
313.021(4) and ending with the period described by Section 
313.104(2)(B)
	(4)  On page 21, strike lines 15-19 and substitute the 
following:            
	SECTION 15.  (a) Except as provided by Subsection (b) of this 
section:       
		(1)  this Act takes effect immediately if it receives a 
vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution; and
		(2)  if this Act does not receive the vote necessary for 
immediate effect, this Act takes effect September 1, 2009.
	(b)  Sections 313.025(a-1), (h), and (i) and 313.0265, Tax 
Code, as added by this Act, take effect January 1, 2010.