Bill > SB604

This bill requires the Texas Permanent School Fund Corporation (TPsf Corporation) to publish a quarterly online list of bonds guaranteed by the permanent school fund that have been downgraded to a speculative rating. Specifically, the list must include the name of the school district or charter district that issued the bond and the outstanding balance of that bond. The first such list must be posted by December 1, 2025, and the bill will take effect on September 1, 2025. The purpose of this transparency measure appears to be to provide public visibility into the financial status of school district bonds that have experienced a ratings downgrade, which could signal potential financial risks or challenges for the educational institutions. The permanent school fund typically provides guarantees for certain school district bonds, and this bill aims to make information about potentially risky bonds more accessible to the public.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB604