Amend SB 2 (house committee report) by adding the following appropriately numbered SECTION to Article 2 of the bill and renumbering the subsequent SECTIONS of that article accordingly:
SECTION 2.02. Chapter 47, Education Code, is amended by adding Section 47.007 to read as follows:
Sec. 47.007. CERTAIN UNSPENT MONEY DEDICATED FOR SCHOOL DISTRICT AD VALOREM TAX RATE REDUCTION. (a) The comptroller shall:
(1) allocate for deposit to the credit of the fund an amount of general revenue received in the state fiscal biennium beginning September 1, 2023, that exceeds the total amount of money appropriated by HB1, 88th Legislature, Regular Session, 2023 (the General Appropriations Act), for that biennium; and
(2) periodically deposit to the credit of the fund the general revenue allocated under Subdivision (1), with the final deposit to be made not later than the 90th day of the next state fiscal biennium.
(b) Money deposited to the credit of the fund under Subsection (a) may be appropriated from the fund only for the purpose of reducing school district maintenance and operations ad valorem tax rates for the state fiscal biennium beginning September 1, 2025.
(c) This section expires September 1, 2027.