H.B. No. 3526 aims to enhance fiscal transparency for bonds issued by local governmental entities in Texas. The bill amends Section 1202.008(c) of the Government Code to require the attorney general to send information to the Bond Review Board for inclusion in reports mandated by Sections 1231.062 and 1231.065. Additionally, it introduces new sections under Subchapter B, Chapter 1231, which establish a publicly accessible and searchable database for local bond obligations, mandate local governments to report bond election information, and require annual reports on unissued securities.

The bill also adds Section 1231.065, which requires the Bond Review Board to prepare a biennial report on the repayment status of voter-approved bonds issued by local governments. This report must include details such as the estimated total amount required for repayment, the total amount paid, and any necessary tax rate increases to cover bond payments. The Bond Review Board is tasked with establishing the database by September 1, 2026, and the act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 1202.008 (Government Code 1202)
House Committee Report: Government Code 1202.008 (Government Code 1202)
Engrossed: Government Code 1202.008 (Government Code 1202)
Senate Committee Report: Government Code 1202.008 (Government Code 1202)
Enrolled: Government Code 1202.008 (Government Code 1202)