Rahat Huq

Frost Brown Todd

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Texas Bill Could Eliminate PSF Guaranty on School Bonds

Pursuant to Section 45.052 of the Texas Education Code, school district and charter school bonds (including refunding bonds) are eligible to be guaranteed by the corpus and income of the Permanent School Fund (PSF). If...more

5/8/2025 / Bonds , Financial Markets , Investment , Investors , New Legislation , Proposed Legislation , Public Schools , School Districts , State and Local Government , Texas

Texas HB 19 Takes Aim at Local Government Debt and Tax Practices

Perhaps the most impactful public finance bill making its way through the Texas Legislature currently is House Bill 19 (HB 19). The bill is largely an amalgamation of other bills filed this session (notably, House Bill 1453...more

4/21/2025 / Debt , New Legislation , Property Tax , Proposed Legislation , Regulatory Reform , State and Local Government , State Legislatures , State Taxes , Tax Code , Taxation

Texas Bills Propose Significant Reforms to Infrastructure Financing

Two bills of note pertaining specifically to certificates of obligation are being considered by the Texas Legislature. House Bill (HB) 1453 and Senate Bill (SB) 470 are substantially similar, with some key distinctions, in...more

4/10/2025 / Construction Contracts , Infrastructure Financing , New Legislation , Proposed Legislation , Public Finance , Regulatory Reform , State and Local Government , State Legislatures , Texas

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