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Senate Bill 1589 |
Senate Author: Zaffirini |
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Effective: 1-1-16 |
House Sponsor: Guillen |
Senate Bill 1589 amends the Property Code to require a holder of unclaimed mineral proceeds that is regulated by the Railroad Commission of Texas to include in the property report for the proceeds certain information with respect to each well the production from which resulted in the proceeds. The bill requires the comptroller of public accounts to compile and revise each year an alphabetical list by county of the number of filed property reports for mineral proceeds attributable to all wells located in each respective county and the aggregate amount of reported mineral proceeds attributable to all wells located in each respective county.