The resolution establishes the Legislative Study Commission on Modernizing K-12 School Education Funding in Alabama, following the enactment of Act 2024-128, which mandates a study on the current K-12 education funding model. The commission will consist of members from the Senate Finance and Taxation Education Standing Committee and the House of Representatives Ways and Means Education Standing Committee. Its primary focus will be to explore the feasibility of transitioning from a resource-based funding model to a more flexible, student-based model that better addresses the specific needs of students, teachers, and administrators.

The commission's work will include analyzing the projected costs and budget implications of such a transition, examining necessary changes to the tax and revenue framework, and identifying legal adjustments required for implementing a student-based funding model. If a viable transition pathway is identified, the commission will also develop proposed legislation. 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.