89R10409 CS-F     By: West S.B. No. 2791       A BILL TO BE ENTITLED   AN ACT   relating to electronic submission and delivery of public securities   and records of proceedings for those securities.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 1202, Government Code, is amended by   adding Section 1202.0035 to read as follows:          Sec. 1202.0035.  ELECTRONIC SUBMISSION AND DELIVERY. (a)     In this section:                 (1)  "Electronic" has the meaning assigned by Section   322.002, Business & Commerce Code.                (2)  "Electronic signature" has the meaning assigned by   Section 322.002, Business & Commerce Code, and includes any   electronic signing method recognized by law.          (b)  An issuer shall submit to the attorney general the   following documents, including any related correspondence or   supplemental information, in an electronic format and accompanied   by an electronic signature, if applicable:                (1)  a public security, record of proceedings, or   credit agreement required to be submitted to the attorney general   for approval under Section 1202.003; and                (2)  an amendment to a public security, record of   proceedings, or credit agreement approved or registered under this   chapter.          (c)  The attorney general shall deliver to the comptroller a   document required to be delivered under Section 1202.003(b)(2) in   an electronic format and accompanied by an electronic signature, if   applicable.          SECTION 2.  Not later than December 1, 2025, in accordance   with Section 402.044, Government Code, the attorney general shall   advise the proper legal authorities in regard to the issuance of   bonds that by law require the attorney general's approval that   Section 1202.0035, Government Code, as added by this Act, requires   electronic submission of public securities and advise those persons   of any other procedural changes to the submission and registration   requirements of public securities under Chapter 1202, Government   Code, as amended by this Act, that the attorney general deems   necessary to efficiently receive electronic submissions of public   securities after the effective date of this Act.          SECTION 3.  Section 1202.0035, Government Code, as added by   this Act, applies only to a public security, record of proceedings,   or credit agreement submitted to the attorney general under Section   1202.003, Government Code, on or after the effective date of this   Act.  A public security, record of proceedings, or credit agreement   submitted before the effective date of this Act is governed by the   law in effect on the date the security, record, or agreement was   submitted, and the former law is continued in effect for that   purpose.          SECTION 4.  This Act takes effect January 1, 2026.