1-1 By: Martin (Senate Sponsor - Barrientos) H.B. No. 2270
1-2 (In the Senate - Received from the House April 19, 1993;
1-3 April 19, 1993, read first time and referred to Committee on
1-4 Finance; May 13, 1993, reported adversely, with favorable Committee
1-5 Substitute by the following vote: Yeas 12, Nays 0; May 13, 1993,
1-6 sent to printer.)
1-7 COMMITTEE VOTE
1-8 Yea Nay PNV Absent
1-9 Montford x
1-10 Turner x
1-11 Armbrister x
1-12 Barrientos x
1-13 Bivins x
1-14 Ellis x
1-15 Haley x
1-16 Moncrief x
1-17 Parker x
1-18 Ratliff x
1-19 Sims x
1-20 Truan x
1-21 Zaffirini x
1-22 COMMITTEE SUBSTITUTE FOR H.B. No. 2270 By: Barrientos
1-23 A BILL TO BE ENTITLED
1-24 AN ACT
1-25 relating to claims for abandoned property filed with the state
1-26 treasurer.
1-27 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-28 SECTION 1. Section 74.502 (d), Property Code, is amended to
1-29 read as follows:
1-30 (d) If the amount paid under Subsection (b) is more than
1-31 $100, the State Treasurer <and the attorney general> shall examine
1-32 the claim and any supporting affidavit or evidence of the claim.
1-33 Before the State Treasurer may reimburse a depository for a claim
1-34 under this subsection, the claim must be approved and signed by the
1-35 State Treasurer <and the attorney general>.
1-36 SECTION 2. Section 74.503, Property Code, is amended to read
1-37 as follows:
1-38 Sec. 74.503. CONSIDERATION OF CLAIM. The State Treasurer
1-39 <and the attorney general> or the treasurer's <their> authorized
1-40 agent <agents jointly> shall consider the validity of each claim
1-41 filed under this subchapter.
1-42 SECTION 3. Section 74.504, Property Code, is amended to read
1-43 as follows:
1-44 Sec. 74.504. HEARING. (a) The State Treasurer <and the
1-45 attorney general> may hold a hearing and receive evidence
1-46 concerning a claim filed under this subchapter.
1-47 (b) If the State Treasurer considers <and the attorney
1-48 general consider> that a hearing is necessary to determine the
1-49 validity of a claim, <both> the State Treasurer <and the attorney
1-50 general> shall sign the statement of the findings and the decision
1-51 on the claim. The statement shall report the substance of the
1-52 evidence heard and the reasons for the decision. The statement is
1-53 a public record.
1-54 (c) If the State Treasurer determines <and the attorney
1-55 general determine> that a claim is valid, the State Treasurer
1-56 <they> shall approve and sign the claim.
1-57 SECTION 3. This Act takes effect September 1, 1993.
1-58 SECTION 4. The importance of this legislation and the
1-59 crowded condition of the calendars in both houses create an
1-60 emergency and an imperative public necessity that the
1-61 constitutional rule requiring bills to be read on three several
1-62 days in each house be suspended, and this rule is hereby suspended.
1-63 * * * * *
1-64 Austin,
1-65 Texas
1-66 May 13, 1993
1-67 Hon. Bob Bullock
1-68 President of the Senate
2-1 Sir:
2-2 We, your Committee on Finance to which was referred H.B. No. 2270,
2-3 have had the same under consideration, and I am instructed to
2-4 report it back to the Senate with the recommendation that it do not
2-5 pass, but that the Committee Substitute adopted in lieu thereof do
2-6 pass and be printed.
2-7 Montford,
2-8 Chairman
2-9 * * * * *
2-10 WITNESSES
2-11 FOR AGAINST ON
2-12 ___________________________________________________________________
2-13 Name: Linda Shaunessy x
2-14 Representing: Attorney General's Office
2-15 City: Austin
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