Senate Bill No. 604 aims to enhance transparency regarding bonds guaranteed by the Texas Permanent School Fund. The bill introduces a new section, 45.0625, to the Education Code, which mandates that the Texas Permanent School Fund Corporation must post a list on its website of any existing bonds that have been downgraded to a speculative bond rating. This list is required to be updated quarterly, specifically on the first day of each quarter of the state fiscal year, and must include the name of the issuing school district or charter district and the bond's outstanding balance.

Additionally, the bill stipulates that the Texas Permanent School Fund Corporation must post the initial list by December 1, 2025. The provisions of this act will take effect on September 1, 2025, ensuring that stakeholders have timely access to important financial information regarding the bonds associated with the permanent school fund.

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