By Haggerty H.B. No. 2071
76R7507 WP-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to reporting requirements for certain abandoned property.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 76.001, Property Code, is amended to read
1-5 as follows:
1-6 Sec. 76.001. APPLICABILITY. This chapter applies only to
1-7 the holder of property if:
1-8 (1) the holder is a municipality or county; and
1-9 (2) the property is:
1-10 (A) presumed abandoned under Chapter 72 or 75;
1-11 and
1-12 (B) valued at $100 or more [less].
1-13 SECTION 2. (a) This Act takes effect September 1, 1999.
1-14 (b) The changes in law made by Section 76.001, Property
1-15 Code, as amended by this Act, apply only to unclaimed property held
1-16 by a holder on or after June 30, 2000. Property held by a holder
1-17 on June 30, 1999, is governed by the law as it existed immediately
1-18 before the effective date of this Act, and that law is continued in
1-19 effect for that purpose.
1-20 SECTION 3. The importance of this legislation and the
1-21 crowded condition of the calendars in both houses create an
1-22 emergency and an imperative public necessity that the
1-23 constitutional rule requiring bills to be read on three several
1-24 days in each house be suspended, and this rule is hereby suspended.