Bill Text: TX HB4246 | 2023-2024 | 88th Legislature | Enrolled

Texas House Bill 4246

Bill Title: Relating to delivery of certain unclaimed money for scholarships for rural students, rural economic development, and energy efficiency assistance.

Spectrum: Slight Partisan Bill (Republican 12-5)

Status: (Passed) 2023-06-11 - Effective on 9/1/23 [HB4246 Detail]

Download: Texas-2023-HB4246-Enrolled.html



	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