S.B. No. 843 establishes a new section in the Texas Education Code, specifically Section 45.114, which mandates the Texas Education Agency (TEA) to create and maintain a comprehensive database that tracks school district and open-enrollment charter school bonds, taxes, and related projects. The database will include detailed information such as the language of ballot propositions, projected tax rates, election results, project funding details, and any changes in tax rates due to issued bonds. The TEA is also required to collect relevant data from school districts and charter schools to ensure the database is up-to-date and accurate.

Additionally, the bill allows the TEA to contract with third parties for the development and maintenance of the database and requires the agency to transmit the collected information to the Bond Review Board to meet local government reporting requirements. The implementation of this act is contingent upon the legislature appropriating specific funds for its execution; otherwise, the TEA may choose to implement it using available resources. The act is set to take effect on September 1, 2025.

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