House Bill No. 2053 proposes the establishment of a database by the Texas Education Agency that will compile and maintain current information regarding school district bonds, taxes, and bond-related projects. The new section, 45.114, defines key terms such as "Bond," "Database," and "Maintenance tax," and outlines the specific information that must be included in the database. This includes details on each bond issued or proposed by a school district, such as ballot language, projected tax rates, election results, project lists funded by the bonds, and accounting of bond proceeds. Additionally, the database will track maintenance taxes levied or proposed by school districts, election results related to tax rates, and will have functionalities for generating reports and proposing updates to the information.

To ensure the database is comprehensive and accurate, school districts are required to provide the Texas Education Agency with the necessary information as outlined in the bill. The agency is also authorized to contract with third parties for the development and maintenance of the database and may adopt rules to implement the section effectively. The bill is set to take effect on September 1, 2025.

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