H.B. No. 103 establishes a new subchapter in the Government Code that 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, which will include details 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 specific deadlines, including a comprehensive report of historical data from 2015 to 2025 by January 1, 2026.

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 bill also allows the comptroller to establish rules and procedures to implement the new database requirements effectively. The act is set to take effect on September 1, 2025.

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