1-1 By: Barrientos S.B. No. 882
1-2 (In the Senate - Filed March 11, 1993; March 15, 1993, read
1-3 first time and referred to Committee on Finance; April 14, 1993,
1-4 reported adversely, with favorable Committee Substitute by the
1-5 following vote: Yeas 11, Nays 0; April 14, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Montford x
1-9 Turner x
1-10 Armbrister x
1-11 Barrientos x
1-12 Bivins x
1-13 Ellis x
1-14 Haley x
1-15 Moncrief x
1-16 Parker x
1-17 Ratliff x
1-18 Sims x
1-19 Truan x
1-20 Zaffirini x
1-21 COMMITTEE SUBSTITUTE FOR S.B. No. 882 By: Barrientos
1-22 A BILL TO BE ENTITLED
1-23 AN ACT
1-24 relating to claims for abandoned property filed with the state
1-25 treasurer.
1-26 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-27 SECTION 1. Subsection (d), Section 74.502, Property Code, is
1-28 amended to read as follows:
1-29 (d) If the amount paid under Subsection (b) is more than
1-30 $100, the State Treasurer <and the attorney general> shall examine
1-31 the claim and any supporting affidavit or evidence of the claim.
1-32 Before the State Treasurer may reimburse a depository for a claim
1-33 under this subsection, the claim must be approved and signed by the
1-34 State Treasurer <and the attorney general>.
1-35 SECTION 2. Section 74.503, Property Code, is amended to read
1-36 as follows:
1-37 Sec. 74.503. Consideration of Claim. The State Treasurer
1-38 <and the attorney general> or the treasurer's <their> authorized
1-39 agent <agents jointly> shall consider the validity of each claim
1-40 filed under this subchapter.
1-41 SECTION 3. Section 74.504, Property Code, is amended to read
1-42 as follows:
1-43 Sec. 74.504. Hearing. (a) The State Treasurer <and the
1-44 attorney general> may hold a hearing and receive evidence
1-45 concerning a claim filed under this subchapter.
1-46 (b) If the State Treasurer considers <and the attorney
1-47 general consider> that a hearing is necessary to determine the
1-48 validity of a claim, <both> the State Treasurer <and the attorney
1-49 general> shall sign the statement of the findings and the decision
1-50 on the claim. The statement shall report the substance of the
1-51 evidence heard and the reasons for the decision. The statement is
1-52 a public record.
1-53 (c) If the State Treasurer determines <and the attorney
1-54 general determine> that a claim is valid, the State Treasurer
1-55 <they> shall approve and sign the claim.
1-56 SECTION 4. This Act takes effect September 1, 1993.
1-57 SECTION 5. The importance of this legislation and the
1-58 crowded condition of the calendars in both houses create an
1-59 emergency and an imperative public necessity that the
1-60 constitutional rule requiring bills to be read on three several
1-61 days in each house be suspended, and this rule is hereby suspended.
1-62 * * * * *
1-63 Austin,
1-64 Texas
1-65 April 14, 1993
1-66 Hon. Bob Bullock
1-67 President of the Senate
1-68 Sir:
2-1 We, your Committee on Finance to which was referred S.B. No. 882,
2-2 have had the same under consideration, and I am instructed to
2-3 report it back to the Senate with the recommendation that it do not
2-4 pass, but that the Committee Substitute adopted in lieu thereof do
2-5 pass and be printed.
2-6 Montford,
2-7 Chairman
2-8 * * * * *
2-9 WITNESSES
2-10 FOR AGAINST ON
2-11 ___________________________________________________________________
2-12 Name: Linda Shaunessy x
2-13 Representing: Attorney General's Office
2-14 City: Austin
2-15 -------------------------------------------------------------------