Amend SB 4 (senate committee report) as follows:
(1) In the recital to SECTION 1.02 of the bill, amending Section 46.071, Education Code (page 1, line 33), strike "and (c-3)" and substitute "(c-3), (d-1), and (d-2)".
(2) In SECTION 1.02 of the bill, immediately following added Section 46.071(c-3), Education Code (page 2, between lines 17 and 18), insert the following:
(d-1) If the amount required to pay debt service on bonds issued under Subchapter A, Chapter 45, is less than the sum of state assistance provided under this chapter, including the amount of additional state aid provided under this section, and the revenue from the district's interest and sinking tax for a school year, the commissioner shall, except as provided by Subsection (d-2), reduce the amount of additional state aid provided under this section by the difference between:
(1) the sum of state assistance provided under this chapter, including the amount of additional state aid provided under this section, and the revenue from the district's interest and sinking tax for the school year; and
(2) the amount required to pay debt service on bonds described by this subsection for the school year.
(d-2) The amount of additional state aid provided under this section may not be reduced under Subsection (d-1) to an amount below the additional state aid provided under Subsection (a-3).
(3) Strike SECTION 1.03 of the bill, amending Section 48.2543, Education Code (page 2, lines 18 through 57), and substitute the following appropriately numbered SECTION:
SECTION 1.___. Section 48.2543, Education Code, is amended by amending Subsections (a-1) and (b) and adding Subsection (a-2) to read as follows:
(a-1) For [Beginning with] the 2023-2024 and 2024-2025 school years [year], a school district is entitled to additional state aid to the extent that state and local revenue under this chapter and Chapter 49 is less than the state and local revenue that would have been available to the district under this chapter and Chapter 49 as those chapters existed on September 1, 2022, if any increase in a residence homestead exemption under Section 1-b(c), Article VIII, Texas Constitution, and any additional limitation on tax increases under Section 1-b(d) of that article as proposed by the 88th Legislature, 2nd Called Session, 2023, had not occurred.
(a-2) Beginning with the 2025-2026 school year, a school district is entitled to additional state aid to the extent that state and local revenue under this chapter and Chapter 49 is less than the state and local revenue that would have been available to the district under this chapter and Chapter 49 as those chapters existed on September 1, 2024, if any increase in a residence homestead exemption under Section 1-b(c), Article VIII, Texas Constitution, as proposed by the 89th Legislature, Regular Session, 2025, had not occurred.
(b) The lesser of the school district's currently adopted maintenance and operations tax rate or the adopted maintenance and operations tax rate for:
(1) the 2021 tax year is used for the purpose of determining additional state aid under Subsection (a); [and]
(2) the 2022 tax year is used for the purpose of determining additional state aid under Subsection (a-1); and
(3) the 2024 tax year is used for the purpose of determining additional state aid under Subsection (a-2).
(4) Strike SECTION 1.04 of the bill, repealing provisions of the Education Code (page 2, lines 58 and 59), and renumber subsequent SECTIONS of the article accordingly.
(5) In SECTION 2.01 of the bill, amending Section 46.071, Education Code (page 2, line 64 through page 3, line 13), strike added Subsections (d-1) and (d-2).