Amend CSHB 1525 (senate committee printing) as follows:

(1)  In the recital to SECTION 24 of the bill (page 10, lines 23 and 24), between "by" and "adding", insert "amending Subsection (b) and".

(2)  In SECTION 24 of the bill, immediately preceding added Section 48.277(c-1), Education Code (page 10, between lines 24 and 25), insert the following:

(b)  For purposes of calculating maintenance and operations revenue under Subsection (a), the commissioner shall:

(1)  for purposes of Subsections (a)(1) and (2), use the following applicable school year:

(A)  in a school year ending in an even-numbered year, the 2019-2020 school year; and

(B)  in a school year ending in an odd-numbered year, the 2019-2020 or 2020-2021 school year, whichever is greater;

(2)  include all state and local funding, except for any funding resulting from:

(A)  reimbursement for disaster remediation costs under former Sections 41.0931 and 42.2524;

(B)  an adjustment for rapid decline in taxable value of property under former Section 42.2521; and

(C)  an adjustment for property value affected by a state of disaster under former Section 42.2523;

(3)  adjust the calculation to reflect a reduction in tax effort by a school district;

(4)  adjust the calculation to include the portion of delinquent taxes owed by a taxpayer that were scheduled to be paid under an installment agreement during the 2019-2020 or 2020-2021 school year but that will be paid during a later school year than the school year in which they were originally due, if the taxpayer subject to the installment agreement owns properties in a school district that, in total, account for more than 7.5 percent of the district's total taxable property value; and

(5) [(4)]  if a school district or open-enrollment charter school receives a waiver relating to eligibility requirements for the national free or reduced-price lunch program under 42 U.S.C. Section 1751 et seq., use the numbers of educationally disadvantaged students on which the district's or school's entitlement to compensatory education funds was based for the school year before the school year in which the district or school received the waiver, adjusted for estimated enrollment growth.