Searchable Database For Local Bond Obligations

Sec. 1231.024. SEARCHABLE DATABASE FOR LOCAL BOND OBLIGATIONS. (a) The board shall develop and maintain on the board's Internet website a publicly accessible and searchable database that provides, in a table format that is easy to read and understand, information on each bond proposed or issued by a local government. (b) The database must include for each proposed and issued bond listed in the database: (1) the amount of the principal of the bond; (2) the estimated amount of interest on the bond; (3) the estimated total amount to pay the principal of and interest on the bond; and (4) the estimated minimum dollar amount required to be annually expended for debt service. Added by Acts 2025, 89th Leg., R.S., Ch. 226 (H.B. 3526), Sec. 2, eff. September 1, 2025.