HB2053 - Relating to a Texas Education Agency database of school district bonds, taxes, and bond-related projects.

  89R3496 AMF-D     By: Buckley H.B. No. 2053       A BILL TO BE ENTITLED   AN ACT   relating to a Texas Education Agency database of school district   bonds, taxes, and bond-related projects.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter E, Chapter 45, Education Code, is   amended by adding Section 45.114 to read as follows:           Sec.   45.114.     BOND, TAX, AND PROJECT DATABASE.   (a)   In this   section:                 (1)  "Bond" means a bond described by Section 45.001.                 (2)     "Database" means the database established under   this section.                 (3)     "Maintenance tax" means a tax described by Section   45.002.           (b)     The agency shall develop and maintain a database that   includes current information regarding school district bonds,   taxes, and bond-related projects, including:                 (1)     for each bond issued or proposed by a school   district:                       (A)     the language of the ballot proposition under   Section 45.003(b);                       (B)     the projected interest and sinking fund tax   rate associated with a proposed bond;                       (C)     the result of an election held for the   purpose of issuing a proposed bond;                       (D)     a list of the projects to be funded using the   bond;                       (E)     an accounting of the use of the proceeds of   any issued bond, including descriptions of any projects paid for   with the proceeds; and                       (F)     any increase in the interest and sinking fund   tax rate resulting from issued bonds;                 (2)     for maintenance taxes that have been levied or   proposed by a school district:                       (A)     each school district's proposed or approved   tax rate; and                       (B)     the language of the ballot proposition under   Section 45.003(d);                 (3)     the results of any election held under Section   26.08, Tax Code, including the ad valorem tax rate proposed by the   school district for purposes of the election;                 (4)     a report generation function to allow the agency   to generate reports of the information described by Subdivisions   (1) and (2) for each school district, disaggregated by geographic   area; and                 (5)     a function that allows for the proposal of updates   or corrections to the information included in the database.           (c)     A school district shall provide the agency with the   information described by Subsections (b)(1) through (3) and any   other information requested by the agency for the purpose of   maintaining the database established under this section.           (d)     The agency may contract with a third party as necessary   for the development or maintenance of the database under this   section.           (e)     The commissioner may adopt rules as necessary to   implement this section.          SECTION 2.  This Act takes effect September 1, 2025.