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SB604 • 2025

Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

Education
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
West
Last action
2025-04-28
Official status
04/28/2025 H Referred to Public Education: Apr 28 2025 4:21PM
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

What This Bill Does

  • Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-04-28 Texas Legislature Online

    Read first time

  2. 2025-04-28 Texas Legislature Online

    Referred to Public Education

  3. 2025-04-25 Texas Legislature Online

    Received from the Senate

  4. 2025-04-24 Texas Legislature Online

    Placed on local & uncontested calendar

  5. 2025-04-24 Texas Legislature Online

    Laid before the Senate

  6. 2025-04-24 Texas Legislature Online

    Read 2nd time & passed to engrossment

  7. 2025-04-24 Texas Legislature Online

    Vote recorded in Journal

  8. 2025-04-24 Texas Legislature Online

    Three day rule suspended

  9. 2025-04-24 Texas Legislature Online

    Record vote

  10. 2025-04-24 Texas Legislature Online

    Read 3rd time

  11. 2025-04-24 Texas Legislature Online

    Passed

  12. 2025-04-24 Texas Legislature Online

    Record vote

  13. 2025-04-24 Texas Legislature Online

    Reported engrossed

  14. 2025-04-14 Texas Legislature Online

    Reported favorably w/o amendments

  15. 2025-04-14 Texas Legislature Online

    Recommended for local & uncontested calendar

  16. 2025-04-14 Texas Legislature Online

    Committee report printed and distributed

  17. 2025-04-10 Texas Legislature Online

    Considered in public hearing

  18. 2025-04-10 Texas Legislature Online

    Vote taken in committee

  19. 2025-04-08 Texas Legislature Online

    Scheduled for public hearing on . . .

  20. 2025-04-08 Texas Legislature Online

    Considered in public hearing

  21. 2025-04-08 Texas Legislature Online

    Testimony taken in committee

  22. 2025-04-08 Texas Legislature Online

    Left pending in committee

  23. 2025-02-03 Texas Legislature Online

    Read first time

  24. 2025-02-03 Texas Legislature Online

    Referred to Education K-16

  25. 2024-12-13 Texas Legislature Online

    Received by the Secretary of the Senate

  26. 2024-12-13 Texas Legislature Online

    Filed

Official Summary Text

Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund.

Current Bill Text

Read the full stored bill text 
89(R) SB 604 - Engrossed version - Bill Text

By: West

S.B. No. 604

A BILL TO BE ENTITLED

AN ACT

relating to the posting of information regarding certain bonds

guaranteed by the permanent school fund.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subchapter C, Chapter 45, Education Code, is

amended by adding Section 45.0625 to read as follows:

Sec.

45.0625.

POSTING OF DOWNGRADED RATINGS. (a) Not later

than the first day of each quarter of the state fiscal year, the

Texas Permanent School Fund Corporation shall post on the

corporation's Internet website a list of each existing bond

guaranteed under this subchapter that has been downgraded to a

speculative bond rating.

(b) The list must include:

(1)

the name of the school district or charter

district that issued the bond; and

(2) the bond's outstanding balance.

SECTION 2. Not later than December 1, 2025, the Texas

Permanent School Fund Corporation shall post the initial list

required by Section 45.0625, Education Code, as added by this Act.

SECTION 3. This Act takes effect September 1, 2025.