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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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 [A handling fee may be
  deducted from the amount of the claim payment] if the approved claim
  [payment] is at least $100.
         (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.
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