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AN ACT
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relating to delivery of certain unclaimed money for scholarships |
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for rural students, rural economic development, and energy |
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efficiency assistance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 74.3013(f), Property Code, is amended to |
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read as follows: |
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(f) During a state fiscal year the total amount of money |
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that may be transferred by all nonprofit cooperative corporations |
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under this section may not exceed 50 percent of the total money |
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reported for that year by those nonprofit cooperative corporations |
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[$2 million]. [No more than 20 percent of each nonprofit |
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cooperative's funds eligible for delivery under this section shall |
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be used for economic development.] The comptroller shall adopt |
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procedures to record the total amount of money transferred |
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annually. |
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SECTION 2. This Act takes effect September 1, 2023. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 4246 was passed by the House on May 5, |
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2023, by the following vote: Yeas 138, Nays 2, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 4246 was passed by the Senate on May |
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22, 2023, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |