By Junell H.B. No. 541 77R1626 AJA-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to disposition of military awards and decorations 1-3 escheated to the state. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 74.401(a), Property Code, is amended to 1-6 read as follows: 1-7 (a) Except as provided by Subsection (c) or Section 74.404, 1-8 the comptroller shall sell at public sale all personal property, 1-9 other than money and marketable securities, delivered to the 1-10 comptroller in accordance with Section 74.301. The comptroller 1-11 shall conduct the sale in the city in this state that the 1-12 comptroller determines affords the most favorable market for the 1-13 particular property. 1-14 SECTION 2. Subchapter E, Chapter 74, Property Code, is 1-15 amended by adding Section 74.404 to read as follows: 1-16 Sec. 74.404. SALE OF MILITARY AWARDS AND DECORATIONS 1-17 PROHIBITED. (a) A military award or decoration delivered to the 1-18 comptroller under this chapter: 1-19 (1) may not be sold under Section 74.401; and 1-20 (2) shall be held in trust for the comptroller at: 1-21 (A) a museum established by the Texas National 1-22 Guard Armory Board; or 1-23 (B) if no museum exists, any other public 1-24 facility designated by the Texas National Guard Armory Board. 2-1 (b) This section does not affect a person's right to claim a 2-2 military award or decoration under Subchapter F. 2-3 SECTION 3. This Act takes effect September 1, 2001, and 2-4 applies only to property described by Section 74.404, Property 2-5 Code, as added by this Act, that is delivered to the comptroller on 2-6 or after that date.