Texas 2025 - 89th Regular

Texas House Bill HB3373 Latest Draft

Bill / Introduced Version Filed 02/26/2025

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                            89R10067 BCH-D
 By: Metcalf H.B. No. 3373




 A BILL TO BE ENTITLED
 AN ACT
 relating to the provision by school districts of certain records
 and financial information to the public.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Subchapter Z, Chapter 44, Education Code, is
 amended by adding Section 44.906 to read as follows:
 Sec. 44.906.  TRANSPARENCY OF PUBLIC INFORMATION; ONLINE
 PORTAL. (a) For the purpose of streamlining and minimizing
 requests for public information and reducing the associated costs
 of fulfilling those requests, a school district shall establish,
 maintain, and update regularly on the district's Internet website a
 publicly accessible online portal developed in a user-friendly
 format that allows a person to access a repository of critical
 documents relating to the district's operations in real time
 through interactive dashboards and data visualization tools.
 (b)  The online portal must be searchable and allow a person
 to specify the records sought, including by keywords, date ranges,
 and document types.
 (c)  The repository of critical documents must include:
 (1)  a copy of each contract and consulting agreement
 entered into by the district, including:
 (A)  procurement records required by state law;
 (B)  the total value of the contract;
 (C)  change orders;
 (D)  payment applications;
 (E)  project timelines;
 (F)  conflict of interest disclosures;
 (G)  information regarding the selection process
 for the contractor or consultant, as applicable; and
 (H)  any other key construction documents;
 (2)  a disclosure of the district's investment
 policies, including information regarding:
 (A)  investment objectives;
 (B)  risk tolerance;
 (C)  diversification strategies; and
 (D)  fee structures;
 (3)  regular performance reports on the district's
 investment portfolio, including information regarding:
 (A)  returns;
 (B)  fees paid;
 (C)  benchmark comparisons; and
 (D)  any company that employs a person involved in
 buying, selling, or trading district bonds;
 (4)  the minutes, certified agenda, or recording, as
 applicable, of each regular or special meeting of the district's
 board of trustees, including a document in a portable document
 format (PDF) of each agenda item, if available; and
 (5)  the district's financial reports.
 (d)  Not later than 30 days after the date a school district
 creates, receives, or modifies a document described by Subsection
 (c), the district shall update the repository of critical documents
 accordingly.
 SECTION 2.  This Act takes effect immediately if it receives
 a vote of two-thirds of all the members elected to each house, as
 provided by Section 39, Article III, Texas Constitution.  If this
 Act does not receive the vote necessary for immediate effect, this
 Act takes effect September 1, 2025.