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TX HB3526

Bill

Status

Passed

5/28/2025

Primary Sponsor

Giovanni Capriglione

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Requires the Bond Review Board to develop and maintain a publicly accessible, searchable online database containing information on bonds proposed or issued by local governments, including principal amounts, estimated interest, total repayment costs, and annual debt service requirements

  • Mandates local governments submit reports to the Bond Review Board at least 20 days before bond elections (detailing election date, proposition numbers, estimated costs, purpose) and within 20 days after elections (including vote totals for and against each proposition)

  • Requires local governments with voter-approved but unissued bonds to submit annual reports by September 30 detailing unissued bond amounts, authorizing statutes, proposition numbers, estimated costs, and projected debt service

  • Directs the Bond Review Board to prepare biennial reports by December 31 of each even-numbered year for legislative finance committees on the repayment status of voter-approved local government bonds, including any tax rate increases needed for debt service

  • Takes effect September 1, 2025, with the database required to be established by September 1, 2026

Legislative Description

Relating to fiscal transparency for bonds issued by local governmental entities.

Elections

Last Action

Effective on 9/1/25

5/28/2025

Committee Referrals

Local Government5/5/2025
Pensions, Investments & Financial Services3/24/2025

Full Bill Text

No bill text available