SRC-PNG, AXB H.B. 2890 76(R)   BILL ANALYSIS


Senate Research Center   H.B. 2890
76R9449  PAM-FBy: Bonnen (Madla)
Intergovernmental Relations
5/13/1999
Engrossed


DIGEST 

Current law exempts unclaimed checks with a value of $100 or less that are
held by counties and municipalities from escheat. School districts are not
exempted. H.B. 2890 includes a school district among the governmental
entities to which Chapter 76 (Report, Delivery, and Claims Process for
Certain Property) applies. 

PURPOSE

As proposed, H.B. 2890 includes a school district among the governmental
entities to which Chapter 76 (Report, Delivery, and Claims Process for
Certain Property) applies. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 76.001, Property Code, to include a school
district among the governmental entities to which Chapter 76 (Report,
Delivery, and Claims Process for Certain Property) applies.  

SECTION 2. Amends Section 76.002, Property Code, to provide that a
reference to the chief fiscal officer of a holder includes a person
performing the duties of the chief fiscal officer of a holder in a school
district, municipality, or county in which the office of chief fiscal
officer does not exist. Makes a conforming change.  

SECTION 3. (a) Effective date: September 1, 2000. 

(b) Makes application of Section76.001, Property Code, to unclaimed
property held by a holder, as amended by this Act, prospective to June 30,
2000.  

(c) Makes application of Section 76.001, Property Code, as amended by this
Act, prospective to June 30, 1999.  

SECTION 4. Emergency clause.