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TX SB604

Bill

Official Source

Status

Engrossed

4/24/2025

Primary Sponsor

Royce West

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Requires the Texas Permanent School Fund Corporation to post on its website a list of all bonds guaranteed by the permanent school fund that have been downgraded to a speculative (junk) bond rating

  • The list must be updated by the first day of each quarter of the state fiscal year

  • Required information for each downgraded bond includes the name of the school district or charter district that issued the bond and the bond's outstanding balance

  • The initial list must be posted by December 1, 2025

  • Takes effect September 1, 2025

Legislative Description

Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

Education

Last Action

Referred to Public Education

4/28/2025

Committee Referrals

Public Education4/28/2025
Education K-162/3/2025

Full Bill Text

No bill text available