H.B. No. 103 establishes a new subchapter in the Government Code, specifically Subchapter V, which mandates the creation and maintenance of a comprehensive database containing information on bonds, taxes, and related projects for each taxing unit in Texas. The comptroller is tasked with developing this database in coordination with the Bond Review Board, ensuring it includes detailed information such as ballot propositions for bonds, projected tax rates, election results, and the use of bond proceeds. Taxing units are required to provide this information to the comptroller by specified deadlines, including a provision for historical data from 2015 to 2025.

Additionally, the bill introduces a civil penalty for taxing units that fail to comply with the information submission requirements. If a taxing unit does not provide the necessary information within 30 days of receiving notice from the comptroller, it will incur a civil penalty of $1,000. The attorney general is authorized to take action to recover this penalty. The comptroller is also empowered to establish rules and procedures to implement the new database requirements effectively. The act is set to take effect on September 1, 2025, with the database expected to be operational shortly thereafter.

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