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Amend CSHB 2425 by adding the following SECTION,
appropriately numbered, and renumbering the SECTIONS of the bill as
appropriate:
SECTION _____. Subchapter H,, Chapter 74, Property Code, is
amended by adding Section 74.7085 to read as follows:
Sec. 74. 7085. HEARING. (a) If, after an examination of
records under Section 74.702, the comptroller determines that a
person holds unclaimed property that should have been delivered to
the comptroller as provided by this chapter, the person may
petition the comptroller for a hearing on that determination and on
the imposition of any interest or penalty resulting from that
determination.
(b) A person must file a petition for a hearing with the
comptroller under this section not later than the 30th day after the
date the determination is made. If a petition for a hearing is not
filed before the expiration of the period provided by this
subsection, the determination is final on the expiration of that
period.