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TX HB4395

Bill

Status

Passed

6/20/2025

Primary Sponsor

Chris Turner

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Requires issuers to submit public securities, records of proceedings, and credit agreements to the attorney general in electronic format with electronic signatures when applicable, rather than paper documents

  • Mandates the attorney general to deliver approved documents to the comptroller electronically with electronic signatures

  • Requires the attorney general to advise bond-issuing authorities by December 1, 2025 about the new electronic submission requirements and any related procedural changes

  • Applies only to documents submitted on or after January 1, 2026; submissions made before that date remain governed by prior law

  • Passed the House 144-0 on May 6, 2025 and the Senate 31-0 on May 25, 2025

Legislative Description

Relating to electronic submission and delivery of public securities and records of proceedings for those securities.

State Finances

Last Action

Effective on 1/1/26

6/20/2025

Committee Referrals

Business & Commerce5/7/2025
Pensions, Investments & Financial Services4/1/2025

Full Bill Text

No bill text available