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A BILL TO BE ENTITLED
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AN ACT
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relating to a Texas Education Agency database of school district |
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bonds, taxes, and bond-related projects. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 45, Education Code, is |
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amended by adding Section 45.114 to read as follows: |
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Sec. 45.114. BOND, TAX, AND PROJECT DATABASE. (a) In this |
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section: |
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(1) "Bond" means a bond described by Section 45.001. |
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(2) "Database" means the database established under |
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this section. |
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(3) "Maintenance tax" means a tax described by Section |
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45.002. |
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(b) The agency shall develop and maintain a database that |
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includes current information regarding school district bonds, |
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taxes, and bond-related projects, including: |
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(1) for each bond issued or proposed by a school |
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district: |
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(A) the language of the ballot proposition under |
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Section 45.003(b); |
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(B) the projected interest and sinking fund tax |
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rate associated with a proposed bond; |
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(C) the result of an election held for the |
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purpose of issuing a proposed bond; |
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(D) a list of the projects to be funded using the |
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bond; |
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(E) an accounting of the use of the proceeds of |
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any issued bond, including descriptions of any projects paid for |
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with the proceeds; and |
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(F) any increase in the interest and sinking fund |
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tax rate resulting from issued bonds; |
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(2) for maintenance taxes that have been levied or |
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proposed by a school district: |
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(A) each school district's proposed or approved |
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tax rate; and |
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(B) the language of the ballot proposition under |
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Section 45.003(d); |
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(3) the results of any election held under Section |
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26.08, Tax Code, including the ad valorem tax rate proposed by the |
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school district for purposes of the election; |
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(4) a report generation function to allow the agency |
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to generate reports of the information described by Subdivisions |
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(1) and (2) for each school district, disaggregated by geographic |
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area; and |
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(5) a function that allows for the proposal of updates |
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or corrections to the information included in the database. |
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(c) A school district shall provide the agency with the |
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information described by Subsections (b)(1) through (3) and any |
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other information requested by the agency for the purpose of |
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maintaining the database established under this section. |
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(d) The agency may contract with a third party as necessary |
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for the development or maintenance of the database under this |
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section. |
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(e) The commissioner may adopt rules as necessary to |
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implement this section. |
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SECTION 2. This Act takes effect September 1, 2025. |