Amend SB 2 (senate committee report) as follows:
(1) Strike the recital to SECTION 4 of the bill, amending Section 48.051, Education Code (page 2, lines 51 and 52), and substitute "Section 48.051, Education Code, is amended by amending Subsection (a) and adding Subsection (a-1) to read as follows:".
(2) In SECTION 4 of the bill, in amended Section 48.051(a), Education Code (page 2, line 53), strike "For" and substitute "Subject to adjustment under Subsection (a-1), for [For]".
(3) In SECTION 4 of the bill, immediately following amended Section 48.051(a), Education Code (page 3, between lines 2 and 3), insert the following:
(a-1) Beginning with the 2024-2025 school year, the commissioner shall adjust the value of "B" under Subsection (a) for the preceding school year by a factor equal to the average annual percentage increase, if any, in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor for the preceding five years.