Bill Text: TX HB3652 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to handling fees imposed by the comptroller for processing unclaimed property.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-03-23 - Referred to Appropriations [HB3652 Detail]
Download: Texas-2011-HB3652-Introduced.html
82R4234 NC-D | ||
By: Otto | H.B. No. 3652 |
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relating to handling fees imposed by the comptroller for processing | ||
unclaimed property. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 74.509, Property Code, is amended to | ||
read as follows: | ||
Sec. 74.509. HANDLING FEE FOR PROCESSING UNCLAIMED | ||
PROPERTY. (a) The comptroller shall deduct from each approved | ||
claim a handling fee of 10 percent of the amount of the claim and | ||
retain the fee in the general revenue fund [ |
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(b) Subject to legislative appropriation, the comptroller | ||
may use the retained handling fees to pay the costs to process | ||
unclaimed property claims. | ||
SECTION 2. This Act takes effect September 1, 2011. |