Relating to an adjustment for certain school districts under the public school finance system for revenue lost due to the use of the state value of the district's taxable value of property determined by the comptroller of public accounts.

HB 2122 adjusts state funding for Texas school districts that use the state-determined property value (instead of local property value) for tax calculations, which can reduce their revenue. It requires the Texas Education Agency to compare a district's funding under both valuation methods. If using local property value would provide higher funding, the district receives a phased adjustment: 75% of the difference in the first year, 50% in the second, and 25% in the third, for up to three consecutive years. After three years, the district must switch back to using local property value to qualify for the adjustment again.