Amend CSHB 500 (house committee report) in SECTION 7.01 of the bill as follows:

(1)  On page 32, lines 7 and 8, strike the heading to the SECTION and substitute "TEXAS EDUCATION AGENCY: SCHOOL DISTRICT PROPERTY TAX RELIEF".

(2)  On page 32, under SECTION 7.01. TRUSTEED PROGRAMS WITHIN THE OFFICE OF THE GOVERNOR: TEXAS SEMICONDUCTOR INNOVATION CONSORTIUM, strike lines 15-17 and substitute the following:

the Texas Semiconductor Innovation Consortium (estimated to be $572,830,000) are appropriated to the Texas Education Agency for the state fiscal biennium beginning September 1, 2025, to reduce the state compression percentage under Section 48.255, Education Code, to the lowest possible percentage for that biennium.