1-1 AN ACT
1-2 relating to the report, delivery, and claims process for unclaimed
1-3 property held by certain local governments.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 76.001, Property Code, is amended to read
1-6 as follows:
1-7 Sec. 76.001. APPLICABILITY. This chapter applies only to
1-8 the holder of property if:
1-9 (1) the holder is a school district, municipality, or
1-10 county; and
1-11 (2) the property is:
1-12 (A) presumed abandoned under Chapter 72 or 75;
1-13 and
1-14 (B) valued at $100 or less.
1-15 SECTION 2. Section 76.002, Property Code, is amended to read
1-16 as follows:
1-17 Sec. 76.002. OFFICERS AND REPRESENTATIVES. In this chapter:
1-18 (1) a reference to the treasurer of a holder includes
1-19 a person performing the duties of the treasurer of a holder in a
1-20 school district, municipality, or county in which the office of
1-21 treasurer does not exist; [and]
1-22 (2) a reference to the chief fiscal officer of a
1-23 holder includes a person performing the duties of the chief fiscal
1-24 officer of a holder in a school district, municipality, or county
2-1 in which the office of chief fiscal officer does not exist; and
2-2 (3) a reference to the attorney for a holder includes
2-3 an attorney designated by the governing body of the holder to
2-4 represent the holder.
2-5 SECTION 3. (a) This Act takes effect September 1, 2000.
2-6 (b) The changes in law made by this Act apply only to
2-7 unclaimed property held by a holder described by Section 76.001,
2-8 Property Code, as amended by this Act, on or after June 30, 2000.
2-9 (c) Property held by a holder described by Section 76.001,
2-10 Property Code, as amended by this Act, on June 30, 1999, is
2-11 governed by the law as it existed immediately before the effective
2-12 date of this Act, and the former law is continued in effect for
2-13 that purpose.
2-14 SECTION 4. The importance of this legislation and the
2-15 crowded condition of the calendars in both houses create an
2-16 emergency and an imperative public necessity that the
2-17 constitutional rule requiring bills to be read on three several
2-18 days in each house be suspended, and this rule is hereby suspended.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2890 was passed by the House on May
11, 1999, by a non-record vote.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 2890 was passed by the Senate on May
26, 1999, by the following vote: Yeas 30, Nays 0.
_______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor