1-1 By: Goolsby (Senate Sponsor - Cain) H.B. No. 2769 1-2 (In the Senate - Received from the House April 21, 1997; 1-3 April 23, 1997, read first time and referred to Committee on 1-4 Intergovernmental Relations; May 6, 1997, reported favorably by the 1-5 following vote: Yeas 9, Nays 0; May 6, 1997, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the county depository and depositories for certain 1-9 trust funds. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 116.116(c), Local Government Code, is 1-12 amended to read as follows: 1-13 (c) A warrant or check, including a warrant or check issued 1-14 prior to September 1, 1993, issued by the county treasurer in 1-15 settlement of a claim against a county that is not presented for 1-16 payment before the 366th day following the date of issuance is 1-17 overdue and nonnegotiable. The sum of the overdue warrant or check 1-18 shall be credited as revenue to the county if delivery to the 1-19 payees was attempted or occurred within a reasonable time following 1-20 the issuance of the warrant or check. No right to full settlement 1-21 of a proper unpaid claim is extinguished by this subsection. 1-22 SECTION 2. Section 117.002, Local Government Code, is 1-23 amended to read as follows: 1-24 Sec. 117.002 TRANSFER OF UNCLAIMED FUNDS TO STATE TREASURER. 1-25 Any funds, except cash bail bonds, deposited under this chapter 1-26 that are presumed abandoned under Chapter 72, 73, or 75, Property 1-27 Code, shall be reported and delivered by the county or district 1-28 clerk to the state treasurer without further action by any court. 1-29 The dormancy period for funds deposited under this chapter begins 1-30 on the later of: 1-31 (1) the date of entry of final judgment or order of 1-32 dismissal in the action in which the funds were deposited; 1-33 (2) the 18th birthday of the minor for whom the funds were 1-34 deposited; or 1-35 (3) a reasonable date established by rule by the state 1-36 treasurer to promote the public interest in disposing of unclaimed 1-37 funds. 1-38 SECTION 3. The importance of this legislation and the 1-39 crowded condition of the calendars in both houses create an 1-40 emergency and an imperative public necessity that the 1-41 constitutional rule requiring bills to be read on three several 1-42 days in each house be suspended, and this rule is hereby suspended, 1-43 and that this Act take effect and be in force from and after its 1-44 passage, and it is so enacted. 1-45 * * * * *