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House Bill 1038 |
House Author: Cain et al. |
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Effective: 9-1-23 |
Senate Sponsor: Sparks |
House Bill 1038 amends the Government Code to require the Bond Review Board to submit to the legislature and post on the board's website a biennial report on all lending programs and credit support programs in Texas. The report must contain the total amount of state money lent through lending programs, the total amount of debt supported by credit support programs, and, for each lending or credit support program, the total amount of state money lent through or debt supported by the program, as applicable, a citation to the law authorizing the program, and a reasonable estimate of the costs of default associated with the program, computed in accordance with private‑sector accounting standards for credit or other losses.