H.B. No. 4236 establishes a study group tasked with evaluating the school district property value study conducted by the comptroller of public accounts. The group will hold a public meeting to examine how the study impacts the annual distribution of state financial aid for public education and to develop recommendations for verifying the valuations of complex properties included in the study. The study group will consist of six members, with three appointed by the lieutenant governor from the Senate and three appointed by the speaker of the House from the House of Representatives.

The study group is required to submit a report by December 1, 2026, detailing their findings and recommendations to the governor, lieutenant governor, and speaker of the House, while also providing electronic copies to all other members of the legislature. The group will be dissolved, and the act will expire on January 1, 2027. The bill takes effect immediately if it receives a two-thirds vote from both houses; otherwise, it will take effect on September 1, 2025.