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Senate Bill 1589 |
Senate Author: Ogden et al. |
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Effective: 9-1-09 |
House Sponsor: Pitts |
Senate Bill 1589 amends the Property Code to include in the information that a holder of property presumed abandoned is required to provide to the comptroller of public accounts the driver's license or state identification number and e-mail address, if known, of each person who appears to be the property's owner or of any person who is entitled to the property. The bill requires the holder to meet specified notification requirements if the property held is valued at more than $250, with certain exceptions, and authorizes the holder to charge the notice postage costs as a service charge against the property. The bill authorizes the comptroller, under certain conditions, to deposit unclaimed money received by the comptroller to the credit of the general revenue fund.
Senate Bill 1589 amends the Government Code to require the Department of Public Safety, the Employees Retirement System of Texas, and the Teacher Retirement System of Texas, not later than June 1 of each year, to provide the comptroller with certain identification and contact information for persons about whom those entities maintain such information in their records to assist with the return of unclaimed property. The bill specifies that such information is confidential and protected from public disclosure and requires those entities to provide the information in the format prescribed by comptroller rule. The bill amends the Labor Code to establish the same requirements and confidentiality provisions for the Texas Workforce Commission.
Senate Bill 1589 amends the Transportation Code to add the unclaimed property division of the comptroller's office to the entities to which information provided on a driver's license application that relates to the applicant's social security number may be disclosed.