Relating to the dedication of certain surplus state revenue for school district maintenance and operations ad valorem tax relief.

HB 129 requires the state comptroller to dedicate 10% of surplus state revenue exceeding $1.5 billion in each biennium to school district property tax relief. Specifically, if the state has more general revenue than projected at the end of a biennium, the comptroller must deposit 10% of the excess (after required transfers) into a special fund. This fund can only be used to reduce school districts' maintenance and operations property tax rates, directly benefiting school districts and property taxpayers. The bill takes effect for the 2027-2028 biennium and mandates that funds are exclusively for property tax relief, with no other uses permitted.