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Amend CSHB 105 (house committee report) by adding the following appropriately numbered SECTION to the bill and renumbering the SECTIONS of the bill as appropriate:
SECTION ____. Subchapter F, Chapter 48, Education Code, is amended by adding Section 48.288 to read as follows:
Sec. 48.288. TEXAS JOBS, ENERGY, TECHNOLOGY, AND INNOVATION ACT PENALTY PAYMENT. (a) For each school year during which a penalty is collected under Section 403.612(d)(4), Government Code, for the tax year ending during that school year, the school district that entered into the agreement under Section 403.612, Government Code, for which the penalty was collected is entitled to a payment from the foundation school fund in an amount equal to the amount of maintenance and operations tax revenue per cent of tax effort that would be generated by the amount of the reduction in taxable value of eligible property subject to the agreement under Section 403.605, Government Code, for the first eight cents by which the district's maintenance and operations tax rate exceeds the district's tier one tax rate.
(b) The agency shall determine the amount to which a school district is entitled under Subsection (a).