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.
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