Amend Amendment No. 12 by Middleton to SB 2 (pages 94 and 95, prefiled amendments packet) by striking the text of the amendment and substituting the following:
Amend SB 2 (senate committee report) as follows:
(1)  Add the following appropriately numbered SECTION to the bill and renumber subsequent SECTIONS of the bill accordingly:
SECTION ____.  Sections 48.277(c-1), (d), and (e), Education Code, are amended to read as follows:
(c-1)  Notwithstanding any other provision of this chapter, beginning with the 2024-2025 [2021-2022] school year, if the total amount of allotments to which school districts and open-enrollment charter schools are entitled under this section for a school year exceeds $65 [$400] million, the commissioner shall proportionately reduce each district's or school's allotment under this section.  The reduction in the amount to which a district or school is entitled under this section may not result in an amount that is less than zero.
(d)  A school district or open-enrollment charter school is not entitled to an allotment under Subsection (a) beginning with the 2025-2026 [2024-2025] school year.
(e)  This section expires September 1, 2026 [2025].
(2)  In SECTION 13 of the bill, providing transition language (page 6, lines 14 and 15), strike Subsection (b) and substitute the following:
(b)  Sections 48.277(c-1), (d), and (e), Education Code, as amended by this Act and Section 48.310, Education Code, as added by this Act, apply beginning with the 2024-2025 school year.
(3)  Strike SECTION 14 of the bill, providing an effective date (page 6, lines 16 through 21), and substitute the following:
SECTION 14.  (a) Except as provided by Subsection (b), 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.  If this Act does not receive the vote necessary for immediate effect, this Act takes effect on the 91st day after the last day of the legislative session.
(b)  Sections 48.277(c-1), (d), and (e), Education Code, as amended by this Act, take effect September 1, 2024.