The bill, H.B. No. 4395, amends Chapter 1202 of the Government Code to introduce Section 1202.0035, which mandates the electronic submission and delivery of public securities and related records to the attorney general. This new section defines "electronic" and "electronic signature" in accordance with existing law and requires issuers to submit documents, including public securities and amendments, in an electronic format with an electronic signature when applicable. Additionally, the attorney general is required to deliver certain documents to the comptroller in an electronic format.

Furthermore, the bill 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 process applies only 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.

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