H.B. No. 4395 amends Chapter 1202 of the Government Code by adding Section 1202.0035, which establishes requirements for the electronic submission and delivery of public securities and related documents. The bill mandates that issuers submit documents, including public securities, records of proceedings, and credit agreements, to the attorney general in an electronic format, accompanied by an electronic signature when applicable. Additionally, the attorney general is required to deliver certain documents to the comptroller in a similar electronic format.

The bill also stipulates that the attorney general must provide guidance to legal authorities regarding the new electronic submission requirements by December 1, 2025. It clarifies that the new electronic submission rules will only apply to documents submitted on or after the effective date of the Act, which is set for January 1, 2026. Any submissions made prior to this date will continue to be governed by the existing laws in effect at that time.

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