Bill Text: TX HB1576 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to requirements for reporting unclaimed mineral proceeds to the comptroller of public accounts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-09 - Referred to Energy Resources [HB1576 Detail]
Download: Texas-2015-HB1576-Introduced.html
| 84R7304 PMO-D | ||
| By: Guillen | H.B. No. 1576 | |
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| 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. | ||
