Texas SB1382 amends the Education Code to set a debt limit for school districts seeking bond guarantees.

Texas SB1382 amends the Education Code to establish a debt limit for school districts seeking bond guarantees. The commissioner can approve a guarantee only if the ratio of the district's outstanding bonds to the number of students enrolled does not exceed $10,000 per student. This change applies to bonds issued after the bill's effective date, while bonds issued before remain governed by prior law. The bill takes effect September 1, 2025.

Texas SB1382 amends the Education Code to set a debt limit for school districts seeking bond guarantees.

Texas SB1382 amends the Education Code to establish a debt limit for school districts seeking bond guarantees. The commissioner can approve a guarantee only if the ratio of the district's outstanding bonds to the number of students enrolled does not exceed $10,000 per student. This change applies to bonds issued after the bill's effective date, while bonds issued before remain governed by prior law. The bill takes effect September 1, 2025.