S.B. No. 843 establishes a new database managed by the Texas Education Agency (TEA) that will compile information on school district and open-enrollment charter school bonds, taxes, and related projects. The bill introduces Section 45.114 to the Education Code, which defines key terms such as "bond," "charter district," and "maintenance tax." The database will include detailed information about each bond, including ballot language, projected tax rates, election results, project funding, and the use of bond proceeds. Additionally, it mandates that school districts and charter schools provide the TEA with necessary information to maintain the database and allows the agency to contract with third parties for its development and maintenance.

The implementation of this database is contingent upon the legislature appropriating specific funds for its establishment; if such funds are not allocated, the TEA may still proceed using available resources. The bill is set to take effect on September 1, 2025, following its passage in both the Senate and House with overwhelming support.

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