BONDS
5B843
BOND AND TAX TRANSPARENCY DAT ABASE
Effective September 1, 2025
• Requires the Texas Education Agency( TEA) to develop and maintain a database with current information on school district and charter school bonds, bond-funded projects, and maintenance( I & S) taxes
• Requires the database to include, for each proposed or issued bond: o ballot language o Projected I & S tax rate o Election results o List of funded projects o Use of bond proceeds, including project descriptions o Data on capital projects funded with bond proceeds, including funding sources, costs, budgets, and size o Any I & S tax rate increase resulting from the bond o For charter school bonds, it must include the funded project list and use of proceeds o For maintenance taxes, it must include proposed or approved tax rates and ballot language o For VATREs it must include election results and the proposed tax rate
• Requires the system to include a report generation function disaggregated by geographic area and a feature to propose updates or corrections
• Requires districts and charter schools to submit necessary data to TEA
• Authorizes TEA to contract with third parties for database development
• Requires TEA to transmit data to the Bond Review Board
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