85R7113 BEE-F
By: Faircloth H.B. No. 2494
A BILL TO BE ENTITLED
AN ACT
relating to the reporting and delivery of certain unclaimed
property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 76.101, Property Code, is amended to
read as follows:
Sec. 76.101. PROPERTY REPORT. (a) Each holder who on March
1 [June 30] holds property subject to this chapter shall file a
report of that property on or before the following July 1 [November
1]. Each report shall be filed with the treasurer of the holder as
provided by this section and on forms prescribed by the treasurer of
the holder.
(b) A holder required by Subsection (a) to file a report
shall file a report each successive year regardless of whether the
holder has any reportable property on March 1 [June 30] of the year
in which the report is filed.
SECTION 2. Section 76.301(a), Property Code, is amended to
read as follows:
(a) Each holder who on March 1 [June 30] holds property that
is subject to this chapter shall deliver the property to the
treasurer of the holder on or before the following July 1 [November
1] accompanied by the property report.
SECTION 3. This Act takes effect September 1, 2017.