Amend CSHB 21 (house committee printing) by adding the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Subchapter E, Chapter 42, Education Code, is amended by adding Section 42.2541 to read as follows:
Sec. 42.2541. ESTIMATED PROJECTIONS. (a) In this section, "equivalent equalized wealth level" means an equalized wealth level for a state fiscal biennium that results in approximately the same number of school districts that are required to take action under Chapter 41 to reduce wealth as the number of school districts that were required to take that action during the preceding state fiscal biennium.
(b) Not later than November 1 of each even-numbered year, the agency shall:
(1) submit to the legislature a projection for an equivalent equalized wealth level for the following biennium based on the agency's estimate of:
(A) student enrollment under Section 42.254(a)(1); and
(B) the comptroller's estimate of any increase in total taxable value of all property in the state under Section 42.254(a)(2); and
(2) provide projections for the equalized funding elements under Section 42.007 for the following biennium as necessary to achieve the equivalent equalized wealth level projected under Subdivision (1).