The 84th Legislature passed HB 1378 to increase the transparency of local government debt. Under Local Government Code §140.008, political subdivisions, including counties, cities, school districts, junior college districts, certain special purpose districts, and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year and either:
- report it to the Comptroller of Public Accounts for posting or, alternatively,
- post the information on their own websites.
Political subdivisions shall report the required information via Option 1 or 2 above within 180 days of the end of the most recently completed fiscal year.