BONDS
HB3526
BOND AND TAX TRANSPARENCY DAT ABASE
Effective September 1, 2025
• Requires the Bond Review Board to develop and maintain a publicly accessible, searchable database on each bond proposed by a local government, including: o Principal amount o Estimated interest and repayment amount o Estimated minimum annual debt service
• Requires local governments to submit a report to the Bond Review Board 20 days before an election with o Election date and proposition numbers o Estimated total cost and minimum annual debt service for each bond o Description of each bond ' s purpose o Any other information deemed necessary by the board
• Requires a post-election report within 20 days, including: o Total votes cast, for, and against each proposition o Updates to any previously submitted information o Any other information deemed necessary by the board
• Requires local governments to report annually by September 30: o Total amount of voter-approved but unissued bonds o Statutory authority for bond issuance o Number of propositions authorizing the bonds o Estimated cost and minimum annual debt service o Any other information deemed necessary by the board
• Requires the Bond Review Board to submit a biennial report by December of each evennumbered year to legislative committees, detailing: o For each voter-approved bond: original total repayment estimate, amount paid to date, annual debt service for the biennium o Any tax rate increase needed to pay the debt
• Allows the Bond Review Board to adopt rules
60