House Bill No. 2053 proposes the establishment of a database by the Texas Education Agency (TEA) that will compile and maintain current information regarding school district bonds, taxes, and bond-related projects. The new section, 45.114, outlines definitions for terms such as "Bond," "Database," and "Maintenance tax," and specifies the types of information that must be included in the database. This includes details on each bond issued or proposed by a school district, such as ballot proposition language, projected tax rates, election results, project funding lists, and accounting of bond proceeds. Additionally, the database will track maintenance taxes and election results related to tax proposals.

The bill mandates that school districts provide the TEA with the necessary information to maintain this database and allows the agency to contract with third parties for its development and upkeep. The commissioner of the TEA is also granted the authority to adopt rules for implementing this section. The act is set to take effect on September 1, 2025.

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