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A BILL TO BE ENTITLED
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AN ACT
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relating to the distribution of certain amounts of unclaimed money |
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to county road and bridge funds. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 71.002, Property Code, is amended to |
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read as follows: |
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Sec. 71.002. PRESUMPTION OF DEATH. Notwithstanding Section |
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133.001, Civil Practice and Remedies Code, an [An] individual is |
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presumed dead for the purpose of determining if the individual's |
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real or personal property is subject to escheat if the individual: |
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(1) is absent from the individual's place of residence |
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for three [seven] years or longer; and |
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(2) is not known to exist. |
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SECTION 2. Section 74.601, Property Code, is amended by |
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adding Subsection (h) to read as follows: |
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(h) Notwithstanding Subsection (b)(3), unclaimed money in |
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the amount of $250 or less that has escheated to the state under |
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Chapter 71 shall be distributed as provided by this subsection. The |
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comptroller shall, on or before August 31 of each fiscal year, |
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distribute the total amount of money described by this subsection |
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to counties for use on county roads. The distribution shall be in |
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proportion to the number of miles of county roads in a county in |
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relation to the total number of miles of county roads in all |
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counties. A distribution made under this subsection shall be |
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deposited to the credit of the county's road and bridge fund. |
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SECTION 3. This Act takes effect September 1, 2013. |