Relating to a study by the General Land Office in partnership with a working group consisting of the Texas Department of Insurance, Department of Information Resources, and other entities on the establishment and implementation of a distributed ledger-based title registry pilot program.

HB 1043 requires the Texas General Land Office to study a pilot program using distributed ledger technology (like blockchain) for recording property titles. The study, conducted with a working group including the Department of Insurance and Information Resources, will evaluate two approaches: a public ledger (all records publicly accessible) and a hybrid model (basic info on public ledger, full documents on a secure system). It must include at least one rural and one urban county to compare costs, security, transparency, and complexity, while ensuring current property recording methods aren’t disrupted. The bill does not implement the program but assesses its feasibility for future county adoption.