top of page
HB 103
Became law
Effective 9/1/2025
- Requires the comptroller to consult and coordinate with the Bond Review Board to develop and maintain a database of current and historical information regarding taxes imposed and bonds issued by each taxing unit in the state by January 1, 2026
- Requires the database to include the following:
- the language of each ballot proposition to approve bonds
- the projected I&S tax rate associated with the proposed bond
- the result of any election held to approve the issuance of bonds
- a list of projects to be funded using the bonds
- an accounting of the use of the proceeds, including a description of the project paid for with the proceeds
- a description of any increase in the I&S rate
- an estimate of the minimum debt service resulting from the bond
- the language of the ballot proposition and the results of any VATRE including:
- the adopted tax rate
- the voter-approval rate
- the difference in those two rates
- the tax rate for the preceding year
- the breakdown of votes in the election
- the actual tax rate if the election to approve increased rate failed
- school district proposed or approved tax rates
- a report generation function to allow the information to be disaggregated by geographic area within the taxing unit
- a function that allows for the proposal of updates or corrections to information in the database
- Requires taxing units to provide required information regarding the current tax year by August 7 of each year
- Requires taxing units to provide current and historical information for tax years 2015 through 2025 by January 1, 2026
- Requires the comptroller to include a link to the database on the "texas.gov/propertytaxes" website
- Makes taxing units liable for a civil penalty of $1,000 if the taxing unit does not provide the required information after receiving a 30-day notice that the taxing unit has not provided the information and is subject to the civil penalty
HB 3526
Became law
Effective 9/1/2025
- Requires the Bond Review Board to develop and maintain an online and publicly accessible database that provides information on each bond proposed or issued by a local government by September 1, 2026
- Requires the database to include the amount of the principal of the bond, the estimated amount of interest on the bond, the estimated total of those two numbers and the estimated minimum dollar amount required for debt service of that bond
- Requires local governments to report to the Bond Review Board, at least 20 days prior to election day for a bond election, the date of the election, the proposition number for each bond, the total estimated cost of the issuance, the estimated minimum debt services, a description of the purpose of the board, and any other information the Board determines necessary
- Requires local governments to report to the Bond Review Board, within 20 days after election day for a bond, the total number of votes cast on each proposition, including the votes for and against, and any necessary updates to previously reported information
- Requires the Bond Review Board to publish a report on the results of a bond election on the board's website
- Requires local governments with authorized but unissued bonds to report to the board the total amount of unissued bonds, the statute or law authorizing the issuance, the number of the propositions that authorized the bonds, the estimated cost of the issuance of the bonds, the estimated debt service, and any other information determined necessary by the board, by September 30 of each year
- Requires the Bond Review Board to issue a biennial report to each legislative finance committee that includes the estimated total amount of principal and interest for a voter-approved bond on the date the bond was issued, the total amount paid by the local government on the bond, the minimum debt service for each year of the biennium, and if the tax rate is required to be increased to pay the principal and interest of a bond, the required tax rate increase
SB 843
Became law
Effective 9/1/2025
- Requires the TEA to create and maintain a database regarding bonds and bond-related projects and maintenance taxes
- Requires the database to include the following:
- the language of the ballot proposition
- the projected I&S tax rate associated with the proposed bond
- the result of any election held to approve the issuance of bonds
- a list of projects to be funded using the bonds
- an accounting of the use of the proceeds, including a description of the project paid for with the proceeds
- other data related to capital projects funded wholly or partly by the bond including funding sources for the projects, project costs, project budget, and project size
- any increase in the I&S rate
- each school districts proposed or approve tax rate
- the language of any ballot proposition for a VATRE
- the results of any VATRE
- a report generation function to allow the information to be disaggregated by geographic area
- a function that allows for the proposal of updates or corrections to information in the database
- Requires school districts to provide the required information to the TEA
bottom of page