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.