|
House Bill 3598 |
House Author: Martinez Fischer |
|
Effective: 6-10-19 |
Senate Sponsor: Zaffirini |
House Bill 3598 amends Property Code provisions regarding the state's unclaimed property program, including provisions regarding the conditions under which such property is presumed abandoned, certain records retention requirements, and the approval or disapproval of claims filed with the comptroller of public accounts. Among other provisions, including provisions authorizing the comptroller to take testimony and issue administrative subpoenas and requiring the attorney general, when requested, to assist in the enforcement of applicable statutory provisions, the bill provides for combined reporting; sets out a continuing reporting requirement; provides for the expanded authority of the comptroller, the attorney general, or an authorized agent of either to examine applicable records; and sets a limitation period for an examination relating to the reporting, payment, or delivery of applicable property.