The bill, introduced by Senator Kolkhorst, aims to establish a comprehensive database managed by the Texas Education Agency (TEA) that will track school district bonds, taxes, and related projects. New legal language is added to the Education Code under Section 45.114, defining key terms such as "Bond," "Database," and "Maintenance tax." The database will include detailed information on each bond issued or proposed by school districts, including ballot language, projected tax rates, election results, project funding details, and the use of bond proceeds. Additionally, it will track maintenance taxes and provide a report generation function for disaggregated data by geographic area.

School districts will be required to supply the TEA with relevant information to maintain this database, and the agency may engage third-party contractors for its development and upkeep. The commissioner of the TEA is also granted the authority to adopt necessary rules for implementation. The bill is set to take effect on September 1, 2025.

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