BONDS
HB103
BOND AND TAX TRANSPARENCY DAT ABASE
Effective September 1, 2025
• Requires the comptroller to consult and coordinate with the Bond Review Board to develop and maintain a database of current and historical information regarding taxes imposed and bonds issued by each taxing unit in the state that must include: o The language on the ballot proposition for a Bond o The projected I & S tax rate or adopted tax rate o Bond election results o List of projects funded with bond proceeds o Accounting of the use of bond proceeds, including a description of any project paid for with proceeds o Description of any increase in I & S resulting from the bond o An estimate of the minimum dollar amount spent annually for debt service as a result of the bond o Ballot proposition language and results for a V ATRE, including:
■ The adopted rate
■ The voter-approval rate
■ The difference between the adopted and voter-approval rate
■ The preceding year ' s rate
■ Number of votes cast for and against the proposition
■ The tax rate if the proposition isn ' t approved o For M & O taxes levied or proposed, the proposed or approved tax rate and the language of the ballot proposition o A function to generate a report of the information above o A function to allow for the proposal of updates or corrections to the database
• Requires taxing units to provide the information for the current year and any other requested by the comptroller each year by August 7
• Requires taxing units to provide all available current and historical information from 2015- 2025 to the comptroller by January 1, 2026
• Allows the comptroller to consult with taxing units to maintain the database and may contract with a third party for development and maintenance
• Requires the comptroller to coordinate with the Department of Information Resources to include a separate link to the database on " Texas. gov / ProP-ertY-Taxes " and may not charge a fee to the public for access
• Makes taxing units liable for a $ 1,000 civil penalty if they fail to provide information within 30 days of receiving notice that they are noncompliant and subject to the penalty
61