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 information related to school district and open-enrollment charter school bonds, taxes, and bond-related projects. The database will include details such as the language of ballot propositions, projected tax rates, election results, project funding, and the use of bond proceeds. Additionally, it will allow for report generation and updates to the information contained within the database.

The bill also stipulates that school districts and open-enrollment charter schools must provide the TEA with the necessary information to maintain this database. The TEA is permitted to contract with third parties for the development and maintenance of the database and is required 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 funds specifically for this purpose, and it is set to take effect on September 1, 2025.

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