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(d) In the independent evaluation and report to be submitted to the Governor and the General Assembly on or before [December 1, 2024] JANUARY 15, 2027, as required under § 5–410(d)(1) of the Education Article as enacted by this Act, the Accountability and Implementation Board shall report whether the Blueprint for Maryland’s Future is being implemented as intended and is achieving expected outcomes.

(i) notwithstanding any other provision of law, per pupil increases in major education aid required under this Act for fiscal year [2026] 2028 and each year thereafter shall be limited to the rate of inflation as defined in § 5–201(h) of the Education Article as enacted by this Act;

(ii) notwithstanding any other provision of law, any additional funding increases required under this Act shall be limited to the rate of inflation as defined in § 5–201(h) of the Education Article as enacted by this Act; and

(iii) subject to subsection (f) of this section and notwithstanding any other provision of law, local school systems are not required to meet the additional requirements of this Act that begin in fiscal year [2026] 2028 and each fiscal year thereafter.

(2) If the Accountability and Implementation Board reports that the Blueprint for Maryland’s Future is not being implemented as intended and is not achieving expected outcomes, it is the intent of the General Assembly that the General Assembly shall take immediate action to adjust the formula and policies under this Act to achieve the goals of the Blueprint for Maryland’s Future in order to fulfill the General Assembly’s commitment to provide the resources, supports, and funding to fully implement the Blueprint for Maryland’s Future.

(f) A local school system shall continue to fund the requirements of this Act in effect prior to fiscal year [2026] 2028.

SECTION 4. AND BE IT FURTHER ENACTED, That Section(s) 5–315 of Article – Education of the Annotated Code of Maryland be repealed.

SECTION 3. 2. 5. AND BE IT FURTHER ENACTED, That Section(s) 10–748 of Article – Tax – General of the Annotated Code of Maryland be repealed.

SECTION 6. AND BE IT FURTHER ENACTED, That Section 2 of Chapter 455 of the Acts of the General Assembly of 2023 be repealed.

SECTION 7. AND BE IT FURTHER ENACTED, That: