84R7304 PMO-D
By: Guillen H.B. No. 1576
A BILL TO BE ENTITLED
AN ACT
relating to requirements for reporting unclaimed mineral proceeds
to the comptroller of public accounts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 74.101, Property Code, is amended by
adding Subsection (e) to read as follows:
(e) A holder of mineral proceeds under Chapter 75 that is
regulated by the Railroad Commission of Texas under Chapter 91,
Natural Resources Code, shall include in the property report, in
addition to the information listed in Subsection (c), all
information required under Section 91.502(1), Natural Resources
Code.
SECTION 2. Section 74.101(e), Property Code, as added by
this Act, applies only to a report filed on or after the effective
date of this Act. A report filed before the effective date of this
Act is governed by the law as it existed immediately before the
effective date of this Act, and that law is continued in effect for
that purpose.
SECTION 3. This Act takes effect September 1, 2015.