Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 51 prohibits the Texas Permanent School Fund from guaranteeing any new bonds issued by school districts or charter districts after September 1, 2025. All existing guarantees remain in effect until the bonds mature or are defeased. It also repeals numerous statutes related to the bond guarantee program, effectively dismantling the existing legal structure supporting state-backed guarantees for school bonds.
Author (1)
Brian Harrison