Relating to the creation and maintenance of a database of taxing unit bond, tax, and bond-related project information; providing a civil penalty.

Contracts

• Financial Advisory Services: Amend scopes of work immediately to clarify if the advisor or the taxing unit is responsible for the "Single Data Source Entry" filings.
• Bond Counsel Engagement Letters: Define responsibility for submitting initial data regarding new bond issuances to the Comptroller.
• Third-Party Administrators (TPAs): For MUDs and Special Districts, renegotiate contracts to cover the significant labor hours required for the 2015–2025 historical data compilation.

Hiring/Training

• Data Aggregation Staffing: Finance Directors must assign staff immediately to locate ballot proposition language, election results (votes for/against), and tax rate differentials for every bond election since 2015.
• Workflow Integration: Staff must be trained to shift from "per-issuance" reporting to an annual compliance cycle ending August 7.

Reporting & Record-Keeping

• Granular Project Tracking: Accounting systems must be updated to link specific dollar expenditures to specific bond descriptions to satisfy the "accounting of use of proceeds" requirement. You can no longer simply track "Bond Funds Remaining" in aggregate.
• Historical Data Dump: You must compile a dataset containing projected vs. actual tax rates, specific project lists, and maintenance tax ballot language for the last decade.

Fees & Costs

• Civil Penalties: Failure to report within 30 days of a Comptroller notice triggers a $1,000 civil penalty per incident.
• Litigation Risk: The Attorney General is authorized to sue for collection; while the fine is nominal, the reputational damage and legal defense costs regarding creditworthiness will be significant.