Establishes central databases for governmental real property transaction records at state and county levels.

The bill amends the public lands law and the real property law to establish central depository databases for governmental real property transaction records and data. These databases will be maintained by the office of the clerk of the county or city registrar and the commissioner of general services. The databases will use distributed ledger technology to ensure data is redundant, immutable, and permissioned, thereby increasing efficiency and transparency while maintaining security. The data will be accessible to state agencies, municipalities, and taxpayers.

Establishes central databases for governmental real property transaction records at state and county levels.

The bill amends the public lands law and the real property law to establish central depository databases for governmental real property transaction records and data. These databases will be maintained by the office of the clerk of the county or city registrar and the commissioner of general services. The databases will use distributed ledger technology to ensure data is redundant, immutable, and permissioned, thereby increasing efficiency and transparency while maintaining security. The data will be accessible to state agencies, municipalities, and taxpayers.