H.B. No. 2270
1-1 AN ACT
1-2 relating to claims for abandoned property filed with the state
1-3 treasurer.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 74.502(d), Property Code, is amended to
1-6 read as follows:
1-7 (d) If the amount paid under Subsection (b) is more than
1-8 $100, the State Treasurer <and the attorney general> shall examine
1-9 the claim and any supporting affidavit or evidence of the claim.
1-10 Before the State Treasurer may reimburse a depository for a claim
1-11 under this subsection, the claim must be approved and signed by the
1-12 State Treasurer <and the attorney general>.
1-13 SECTION 2. Section 74.503, Property Code, is amended to read
1-14 as follows:
1-15 Sec. 74.503. CONSIDERATION OF CLAIM. The State Treasurer
1-16 <and the attorney general> or the treasurer's <their> authorized
1-17 agent <agents jointly> shall consider the validity of each claim
1-18 filed under this subchapter.
1-19 SECTION 3. Section 74.504, Property Code, is amended to read
1-20 as follows:
1-21 Sec. 74.504. HEARING. (a) The State Treasurer <and the
1-22 attorney general> may hold a hearing and receive evidence
1-23 concerning a claim filed under this subchapter.
2-1 (b) If the State Treasurer considers <and the attorney
2-2 general consider> that a hearing is necessary to determine the
2-3 validity of a claim, <both> the State Treasurer <and the attorney
2-4 general> shall sign the statement of the findings and the decision
2-5 on the claim. The statement shall report the substance of the
2-6 evidence heard and the reasons for the decision. The statement is
2-7 a public record.
2-8 (c) If the State Treasurer determines <and the attorney
2-9 general determine> that a claim is valid, the State Treasurer
2-10 <they> shall approve and sign the claim.
2-11 SECTION 4. This Act takes effect September 1, 1993.
2-12 SECTION 5. The importance of this legislation and the
2-13 crowded condition of the calendars in both houses create an
2-14 emergency and an imperative public necessity that the
2-15 constitutional rule requiring bills to be read on three several
2-16 days in each house be suspended, and this rule is hereby suspended.