83R6746 MTB-D
By: Lavender H.B. No. 3421
A BILL TO BE ENTITLED
AN ACT
relating to the distribution of certain amounts of unclaimed money
to county road and bridge funds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 71.002, Property Code, is amended to
read as follows:
Sec. 71.002. PRESUMPTION OF DEATH. Notwithstanding Section
133.001, Civil Practice and Remedies Code, an [An] individual is
presumed dead for the purpose of determining if the individual's
real or personal property is subject to escheat if the individual:
(1) is absent from the individual's place of residence
for three [seven] years or longer; and
(2) is not known to exist.
SECTION 2. Section 74.601, Property Code, is amended by
adding Subsection (h) to read as follows:
(h) Notwithstanding Subsection (b)(3), unclaimed money in
the amount of $250 or less that has escheated to the state under
Chapter 71 shall be distributed as provided by this subsection. The
comptroller shall, on or before August 31 of each fiscal year,
distribute the total amount of money described by this subsection
to counties for use on county roads. The distribution shall be in
proportion to the number of miles of county roads in a county in
relation to the total number of miles of county roads in all
counties. A distribution made under this subsection shall be
deposited to the credit of the county's road and bridge fund.
SECTION 3. This Act takes effect September 1, 2013.