Texas SB604 requires the Texas Permanent School Fund Corporation to post quarterly lists of downgraded bonds on its website.
Texas SB604 amends the Education Code to mandate that the Texas Permanent School Fund Corporation post, by the first day of each quarter, a list of bonds guaranteed by the fund that have been downgraded to a speculative rating. The list must include the issuing school district or charter district and the bond's outstanding balance. The initial list must be posted by December 1, 2025. The act takes effect September 1, 2025.
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