LOCAL GOVERNMENT DEBT REPORTING
Debt Obligation Reporting under Local Government Code, Section 140.008
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, 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.