Create the School Financing Review Commission and change provisions relating to budget authority under the Tax Equity and Educational Opportunities Support Act

Commission membership structure was expanded from a general description to specific categories including 18 total members with detailed breakdowns for different school district classes, postsecondary education representatives, and state-at-large appointees with specific expertise requirements.

Specific appointment timelines were established, including initial appointments within 30 days of effective date, initial terms ranging from one to three years, and staggered expiration dates with successors appointed in January 2027.

Political party affiliation restrictions were added, limiting commission members to no more than two from the same party, and specific requirements for representation across different school district classes.

Compensation provisions were added specifying that appointed members receive no compensation but are reimbursed for expenses according to existing state statutes.

Document formatting was updated from draft enrollment version to final reading format, including updated sponsor names, committee assignments, and proper legislative bill structure with section numbering.