Floor Packet Page No. 484                                                   



	

Amend CSHB 3 by adding the following appropriately numbered 

ARTICLE to the bill and renumbering subsequent ARTICLES of the bill 

accordingly:



ARTICLE ___.  UNCLAIMED PROPERTY

	SECTION __.01.  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.

	(c)  At the time a person files a petition for a hearing under 

Subsection (b), the person must pay to the comptroller a hearing fee 

in the amount of $50, which the comptroller shall use for the 

purpose of administering hearings under this section.

	SECTION __.02.  Subchapter A, Chapter 74, Property Code, is 

amended by adding Section 74.002 to read as follows:

	Sec. 74.002.  SINGLE BUSINESS ENTERPRISE DOCTRINE 

INAPPLICABLE.  The single business enterprise doctrine does not 

apply to this chapter.

	SECTION __.03.  The change in law made by Section 74.7085, 

Property Code, as added by this article, applies only to a 

determination by the comptroller made on or after the effective 

date of this Act.  A determination by the comptroller made before 

the effective date of this Act is governed by the law in effect on 

the date the determination was made, and the former law is continued 

in effect for that purpose.

	SECTION __.04.  Section 74.002, Property Code, as added by 

this article, is intended only to clarify existing law with respect 

to Chapter 74, Property Code.