S.B. No. 604 introduces a new requirement for the Texas Permanent School Fund Corporation to enhance transparency regarding bonds guaranteed by the permanent school fund. The bill adds Section 45.0625 to the Education Code, mandating that by the first day of each quarter of the state fiscal year, the Corporation must post on its website a list of any existing bonds that have been downgraded to a speculative bond rating. This list must include the name of the issuing school district or charter district and the bond's outstanding balance.

The initial list is required to be posted by December 1, 2025, and the provisions of this Act will take effect on September 1, 2025. This legislation aims to ensure that stakeholders have access to critical information regarding the financial status of bonds associated with the Texas Permanent School Fund, thereby promoting accountability and informed decision-making.

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