Texas House Bill HB2290

Texas 2011 - 82nd Regular

• Introduced: 3/4/11
• Refer: 3/10/11

Caption

Relating to a searchable database for the bonds and other debt obligations issued by local governmental entities.

Impact

By mandating the creation of this database, HB2290 seeks to provide citizens with better access to information about the financial commitments of their local governments. Such transparency is expected to hold governmental entities accountable to their constituents, allowing taxpayers to track debt obligations more effectively. The legislation may also encourage local governments to be more cautious in their financial dealings, knowing that their obligations will be publicly accessible.

Summary

House Bill 2290 aims to establish a searchable database for bonds and other debt obligations issued by local governmental entities in Texas. The requirement is that the comptroller, in consultation with the Bond Review Board, will develop and maintain a computerized database accessible to the public. This database is intended to enhance transparency regarding local government financial obligations by allowing residents to search for information by geographic area, specifically using zip codes. The effort reflects a push towards improving public access to important financial information concerning local governments.

Sentiment

The sentiment around HB2290 appears generally positive, particularly among advocates for increased transparency and accountability in government. Supporters view the bill as a significant step towards greater public engagement in local governance and fostering trust between citizens and their elected officials. However, there may also be concerns regarding the burden of maintaining accurate records and the implications of public scrutiny on local governmental operations.

Contention

While the bill's purpose is to enhance transparency, there could be contention around the operational aspects of the database. Local governmental entities might raise concerns about the resources needed to collect, maintain, and report accurate data to the comptroller, especially if the compliance requirements are too stringent or if they lack adequate funding. Additionally, discussions may arise regarding the scope of information that should be publicly accessible and the potential impacts it could have on local governance.