HBA-ATS H.B. 2890 76(R)BILL ANALYSIS


Office of House Bill AnalysisH.B. 2890
By: Bonnen
Business & Industry
6/16/1999
Enrolled



BACKGROUND AND PURPOSE 

State law exempts unclaimed checks with a value of $100 or less that are
held by counties and municipalities from escheat.  Prior to the 76th
Legislature, school districts were 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. 

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

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 of property 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.  Effective date: September 1, 2000.  Makes application of
Section 76.001, Property Code, relating to unclaimed property held by a
holder, as amended by this Act, prospective beginning June 30, 2000.  Makes
application of Section 76.001, Property Code, as amended by this Act,
prospective beginning June 30, 1999. 

SECTION 4.  Emergency clause.