Amend SB 2 by adding the following appropriately numbered SECTIONS to the bill and renumbering subsequent SECTIONS of the bill accordingly:

SECTION ____.  Section 48.277 is amended by amending Subsections (b), (d), (e), and (f) to read as follows:

(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 average amount of maintenance and operations revenue per student in average daily attendance from the following [applicable] school years [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;

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

(D)  additional state aid under Section 48.307 or 48.308;

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

(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.

(d)  For purposes of calculating a district's allotment under Subsection (a), the commissioner shall reduce the amount to which a district is entitled under Subsection (a) by 60 percent for the 2025-2026 school year.

(e)  A school district or open-enrollment charter school is not entitled to an allotment under Subsection (a) beginning with the 2024 2025 2026-2027 school year.

[(c)]  (f)  This section expires September 1, 2027 [2025].

SECTION ____.  Section 48.277, Education Code, as amended by this Act, applies beginning with the 2024-2025 school year.

SECTION ____.  Section 48.277, Education Code, as amended by this Act, takes effect September 1, 2024.