Names each issuing district and how much is still owed.
The bill makes the Texas Permanent School Fund Corporation post a list, every quarter, of bonds it guarantees that have been downgraded to a speculative (junk) rating. The list must name the school district or charter district that issued each bond and show how much is still owed on it. The first list is due by December 1, 2025, so the public can see which school bonds backed by the state fund have gone shaky.
Labels
Labels: GOT HALFWAY. Passed the Senate on Apr 24, 2025. Died in the House: never got out of the Public Education committee.
relating to the posting of information regarding certain bonds
guaranteed by the permanent school fund.
WHAT IT DOES
Names each issuing district and how much is still owed.
The bill makes the Texas Permanent School Fund Corporation post a list, every quarter, of bonds it guarantees that have been downgraded to a speculative (junk) rating. The list must name the school district or charter district that issued each bond and show how much is still owed on it. The first list is due by December 1, 2025, so the public can see which school bonds backed by the state fund have gone shaky.
CHARGES
[ ] NONE FOUND
TOTAL
No significant fiscal implication to the State is anticipated.
Names were not printed. No individual positions are inferred.
The journal row lists three votes in order: passage to engrossment, suspension of the three-day rule, and final passage. This entry records final passage. Repeated tallies belong to separate votes.
Sources
SB 604 (West) Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund. (viva voce vote) (31-0) (31-0)
Published stock of positions for this vote, except where marked derived.
Yea: 31 (published)
Nay: 0 (published)
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed
Senate journal. Source snapshot 2026-10-19, Central time.
Names were not printed. No individual positions are inferred.
The journal row lists three votes in order: passage to engrossment, suspension of the three-day rule, and final passage. This entry records suspension of the three-day rule. Repeated tallies belong to separate votes.
Sources
SB 604 (West) Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund. (viva voce vote) (31-0) (31-0)
Published stock of positions for this vote, except where marked derived.
Yea: 31 (published)
Nay: 0 (published)
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed
Senate journal. Source snapshot 2026-10-19, Central time.
Names were not printed. No individual positions are inferred.
The journal row lists three votes in order: passage to engrossment, suspension of the three-day rule, and final passage. This entry records passage to engrossment. Repeated tallies belong to separate votes.
Voice vote. No numeric tally or individual yeas are inferred.
Sources
SB 604 (West) Relating to the posting of information regarding certain bonds guaranteed by the permanent school fund. (viva voce vote) (31-0) (31-0)
Published stock of positions for this vote, except where marked derived.
Yea: Not printed
Nay: Not printed
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed
Senate journal. Source snapshot 2026-10-19, Central time.
Witnesses7
For
5
Against
1
On
1
Names
For
Self; Every Texan1 registration
Self; Texas AFT1 registration
TASB1 registration
Texas Association of School Administrators1 registration
Texas Association of School Boards1 registration
Against
Self1 registration
On
Texas Permanent School Fund Corporation1 registration
Sources
7 parsed registrations across the loaded witness lists.
Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · Public Education · Final status: Died in committee
Senate committee · Education K-16 · Committee vote 10 aye, 0 nay, 1 absent · Out of committee
Subjects
Education--Primary & Secondary--Charter Schools
Education--Primary & Secondary--Finance
BONDS
INTERNET
PERMANENT SCHOOL FUND
Text
The text as introduced · 175 words
89R2266 KJE-D
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.
Monitoring