The bill, S.B. 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, it introduces a new 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 downgraded bond, as well as 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. This legislation aims to enhance transparency regarding the financial status of bonds associated with the Texas Permanent School Fund.

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