1-1 By: Bonnen (Senate Sponsor - Madla) H.B. No. 2890
1-2 (In the Senate - Received from the House May 11, 1999;
1-3 May 12, 1999, read first time and referred to Committee on
1-4 Intergovernmental Relations; May 14, 1999, reported favorably by
1-5 the following vote: Yeas 4, Nays 0; May 14, 1999, sent to
1-6 printer.)
1-7 A BILL TO BE ENTITLED
1-8 AN ACT
1-9 relating to the report, delivery, and claims process for unclaimed
1-10 property held by certain local governments.
1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12 SECTION 1. Section 76.001, Property Code, is amended to read
1-13 as follows:
1-14 Sec. 76.001. APPLICABILITY. This chapter applies only to
1-15 the holder of property if:
1-16 (1) the holder is a school district, municipality, or
1-17 county; and
1-18 (2) the property is:
1-19 (A) presumed abandoned under Chapter 72 or 75;
1-20 and
1-21 (B) valued at $100 or less.
1-22 SECTION 2. Section 76.002, Property Code, is amended to read
1-23 as follows:
1-24 Sec. 76.002. OFFICERS AND REPRESENTATIVES. In this chapter:
1-25 (1) a reference to the treasurer of a holder includes
1-26 a person performing the duties of the treasurer of a holder in a
1-27 school district, municipality, or county in which the office of
1-28 treasurer does not exist; [and]
1-29 (2) a reference to the chief fiscal officer of a
1-30 holder includes a person performing the duties of the chief fiscal
1-31 officer of a holder in a school district, municipality, or county
1-32 in which the office of chief fiscal officer does not exist; and
1-33 (3) a reference to the attorney for a holder includes
1-34 an attorney designated by the governing body of the holder to
1-35 represent the holder.
1-36 SECTION 3. (a) This Act takes effect September 1, 2000.
1-37 (b) The changes in law made by this Act apply only to
1-38 unclaimed property held by a holder described by Section 76.001,
1-39 Property Code, as amended by this Act, on or after June 30, 2000.
1-40 (c) Property held by a holder described by Section 76.001,
1-41 Property Code, as amended by this Act, on June 30, 1999, is
1-42 governed by the law as it existed immediately before the effective
1-43 date of this Act, and the former law is continued in effect for
1-44 that purpose.
1-45 SECTION 4. The importance of this legislation and the
1-46 crowded condition of the calendars in both houses create an
1-47 emergency and an imperative public necessity that the
1-48 constitutional rule requiring bills to be read on three several
1-49 days in each house be suspended, and this rule is hereby suspended.
1-50 * * * * *