(a) A state agency or political subdivision of this state must file a report on state lending and credit support programs in electronic format, and in a manner directed by the Board, with the bond finance office. Reports shall be submitted in electronic format no later than September 15 of each even-numbered year for the prior two fiscal year periods ending August 31.     
      (b) For each lending program, the report shall include but is not limited to:      
        (1) Program name;       
        (2) Detailed description of the program;       
        (3) Number of loans outstanding separated by program;       
        (4) Policies and guidelines for all lending programs including policies and procedures in place for each program to mitigate the risk of future default in the program;       
        (5) Citation to the law authorizing the program;       
        (6) Total amount of state money lent through the lending program;       
        (7) Total amount of debt supported by the lending program;       
        (8) Total dollar amount of outstanding loans separated by program;       
        (9) Reasonable estimate of the costs of default associated with the program, computed in accordance with private-sector accounting standards for credit or other losses. The estimate shall include all assumptions, factors, formulas, and analysis used to calculate the cost of default;       
        (10) Current default rate of program;       
        (11) Highest default rate experienced in program;       
        (12) Total amount of principal and interest payments received from borrowers;       
        (13) Total amount of principal and interest payments in default;       
        (14) Assets, if any, pledged as collateral to secure existing loans;       
        (15) For each of the items described in paragraphs (6) through (14) of this subsection provide total amount broken down by each entity in the lending structure, if the public or private entity receiving funds also lends the money to another public entity or private entity. Provide the total amounts for each entity; and       
        (16) Any additional information required by the Board.       
      (c) For each credit support program, the report shall include but is not limited to:      
        (1) Program name;       
        (2) Detailed description of the program;       
        (3) Policies and guidelines for all credit support programs including policies and procedures in place for each program to mitigate the risk of future default in the programs;       
        (4) Citation to the law authorizing the program;       
        (5) Total amount of state money lent through or debt supported by the program, as applicable;       
        (6) Total amount of credit support for interest or principal payments;       
        (7) Reasonable estimate of the costs of default associated with the program, computed in accordance with private-sector accounting standards for credit or other losses. The estimate shall include all assumptions, factors, formulas, and analysis used to calculate the cost of default;       
        (8) Current default rate of program;       
        (9) Highest default rate experienced in program;       
        (10) For each of the items described in paragraphs (5) through (9) of this subsection provide total amounts broken down for each public or private entity; and       
        (11) Any additional information required by the Board.       
     Source Note:        The provisions of this §181.11 adopted to be effective February 7, 2024, 49 TexReg 557