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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of certain counties to use unclaimed |
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money for the benefit of the county. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 74, Property Code, is |
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amended by adding Section 74.3014 to read as follows: |
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Sec. 74.3014. DELIVERY OF MONEY IN CERTAIN COUNTIES. (a) |
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Notwithstanding and in addition to any other provision of this |
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chapter or other law, a county having a population of less than |
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25,000 in which the state or one of its political subdivisions, |
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including an institution of higher education, owns more than 25 |
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percent of the land in the county may deliver reported money to a |
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fund established by the county to benefit the county instead of |
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delivering the money to the comptroller as required by Section |
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74.301. |
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(b) Money in the county fund may be distributed in the form |
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of grants to nonprofit, nonreligious organizations that work for |
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the betterment of the county through education, recreation, |
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culture, or protecting the health and safety of the county. |
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(c) A county shall file with the comptroller a verification |
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of money delivered under this section that complies with Section |
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74.302. |
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(d) A claim for money delivered under this section must be |
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filed with the county that delivered the money. The county shall |
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pay the claim if the county determines in good faith that the claim |
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is valid. A person aggrieved by a claim decision may file suit |
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against the county in a district court in the county in accordance |
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with Section 74.506. |
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(e) The comptroller shall prescribe the forms and |
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procedures governing this section, including forms and procedures |
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relating to: |
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(1) notice of presumed abandoned property; |
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(2) delivery of reported money to the county fund; and |
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(3) filing of a claim. |
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SECTION 2. This Act takes effect September 1, 2009. |