HB0271H2001

This amendment modifies the spending policy reduction timeline for the common school account, delaying the reduction period and adjusting the final spending policy percentage.

• Adds language specifying that subsection (v) applies 'Through fiscal year 2026' and restores all previously stricken language while deleting new language from the original amendment. (Page 4, line 6)
• Deletes new language that would have been inserted at this location. (Page 4, line 7)
• Adds a new schedule for spending policy reductions beginning in fiscal year 2027, reducing the percentage by 0.05% annually for five years, resulting in a final spending policy amount of 4.75% after fiscal year 2031. (Page 4, line 9)

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