Bill Text: TX HB4246 | 2023-2024 | 88th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Introduced.html
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-Introduced.html
88R9006 PRL-F | ||
By: Orr | H.B. No. 4246 |
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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 | ||
[ |
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procedures to record the total amount of money transferred | ||
annually. | ||
SECTION 2. This Act takes effect September 1, 2023. |