The resolution establishes the Legislative Study Commission on Modernizing K-12 School Education Funding in Alabama, following the enactment of Act 2024-128. This act mandates a comprehensive study to explore the modernization of the K-12 education funding model, emphasizing the need for greater flexibility to align state funding priorities with local educational needs. The commission will consist of members from the Senate Finance and Taxation Education Standing Committee and the House Ways and Means Education Standing Committee, tasked with investigating the potential transition from a resource-based funding model to a student-based model that better addresses individual student needs.

The commission's work will include analyzing the financial implications of such a transition, necessary changes to the tax and revenue framework, and any legal adjustments required to implement a new funding model. If a viable modernization pathway is identified, the commission will develop proposed legislation to facilitate this transition. The commission is required to report its findings and recommendations to the Legislature by February 1, 2025, after which it will be dissolved. Members will receive compensation for their participation in the commission's meetings, and administrative support will be provided by the Legislative Services Agency.