H.B. No. 4246
AN ACT
relating to delivery of certain unclaimed money for scholarships
for rural students, rural economic development, and energy
efficiency assistance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 74.3013(f), Property Code, is amended to
read as follows:
(f) During a state fiscal year the total amount of money
that may be transferred by all nonprofit cooperative corporations
under this section may not exceed 50 percent of the total money
reported for that year by those nonprofit cooperative corporations
[$2 million]. [No more than 20 percent of each nonprofit
cooperative's funds eligible for delivery under this section shall
be used for economic development.] The comptroller shall adopt
procedures to record the total amount of money transferred
annually.
SECTION 2. This Act takes effect September 1, 2023.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 4246 was passed by the House on May 5,
2023, by the following vote: Yeas 138, Nays 2, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 4246 was passed by the Senate on May
22, 2023, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor