Senate Bill No. 604 mandates the Texas Permanent School Fund Corporation to post information regarding bonds guaranteed by the permanent school fund that have been downgraded to a speculative bond rating. Specifically, the bill adds Section 45.0625 to the Education Code, which requires the corporation to publish a list on its website at the beginning of each fiscal quarter. This list must include the name of the school district or charter district that issued the bond and the bond's outstanding balance.

The initial list is required to be posted by December 1, 2025, and the bill is set to take effect on September 1, 2025. This legislation aims to enhance transparency regarding the financial status of bonds associated with the Texas Permanent School Fund, ensuring that stakeholders are informed about any downgrades in bond ratings.

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