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School districts should be aware of House Bill 3526, which was recently enacted into law and imposes new reporting requirements on school districts related to bonds and bond elections.
School districts should be aware of House Bill 3526, which was recently enacted into law and imposes new reporting requirements on school districts related to bonds and bond elections. Specifically, this new law requires the submission of information to the Texas Bond Review Board (the “TBRB”) in two distinct circumstances:
1. When a district has an upcoming bond election; and
2. When a district has voter-authorized but unissued bonds.
Local Bond Election Reporting Requirements
A. Pre-Election Report
School districts in the process of holding a bond election must submit a pre-election report to the TBRB no later than the 20th day prior to the election date. For the November 2025 election cycle, this deadline falls on Wednesday, October 15, 2025. The pre-election report contains high-level information regarding the proposed bonds. If we are your district’s bond counsel, we are currently coordinating with your financial advisor to prepare these reports on your behalf.
B. Post-election requirements
In addition to the pre-election report, school districts must submit a post-election report to the TBRB no later than the 20th day after the election date, which falls on Monday, November 24, 2025 for the November 2025 election. This report largely provides information on the outcome of the election and includes any updates necessary to the pre-election report.
Annual Report on Authorized but Unissued Bonds
In addition to the bond election reports described above, school districts with voter-approved but unissued bonds are now required to file an annual report concerning those bonds to the TBRB no later than September 30 of each year. For districts where we serve as bond counsel, our team is already coordinating with financial advisors to prepare and file these reports by the deadline.
Should you have any questions about HB 3526 or require assistance with preparing or submitting your reports, our Bond Group is happy to assist. Please contact Ben Morse at BMorse@LeonAlcala.com or Erika Federis at EFederis@LeonAlcala.com.
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