By: Erickson H.B. No. 1595
73R4483 DWS-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the use of the unclaimed money fund for economic
1-3 development by counties.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 74.602(b), Property Code, is amended to
1-6 read as follows:
1-7 (b) Each fiscal year after deducting funds sufficient to pay
1-8 anticipated expenses and claims of the unclaimed money fund, the
1-9 state treasurer shall transfer:
1-10 (1) half of the balance of the unclaimed money fund to
1-11 the foundation school fund;
1-12 (2) $1.2 million to the state ethics fund; and
1-13 (3) the remainder to the counties of the state, in
1-14 proportion to the counties' population, to be used only to carry
1-15 out a program under Section 381.004, Local Government Code <General
1-16 Revenue Fund>.
1-17 SECTION 2. This Act takes effect September 1, 1993.
1-18 SECTION 3. The importance of this legislation and the
1-19 crowded condition of the calendars in both houses create an
1-20 emergency and an imperative public necessity that the
1-21 constitutional rule requiring bills to be read on three several
1-22 days in each house be suspended, and this rule is hereby suspended.