Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would require quarterly posting of bonds downgraded to speculative status under school bond guarantee program
Summary
Sen. West filed SB 604 to require the Permanent School Fund Corporation to publish quarterly lists of bonds under the bond guarantee program that have been downgraded to speculative (junk) status; sponsor said the lists would serve as an early warning to enable earlier intervention. The bill was left pending.
Senator West presented Senate Bill 6 04 to require the Texas Permanent School Fund Corporation to publish, on a quarterly basis, the amount and holders of bonds backed by the bond guarantee program (BGP) that have been downgraded to speculative or non-investment grade status.
West told…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
