Texas Property Code
§ 74.601 — UNCLAIMED MONEY
PR § 74.601Title 6. UNCLAIMED PROPERTY · Ch. 74. REPORT, DELIVERY, AND CLAIMS PROCESS · Art. G. UNCLAIMED MONEY
Statute text
View on source(a)The comptroller shall maintain a record that documents unclaimed money received under this chapter or any other statute requiring the delivery of unclaimed property to the comptroller.
(b)The comptroller shall deposit to the credit of the general revenue fund:
(1)all funds, including marketable securities, delivered to the comptroller under this chapter or any other statute requiring the delivery of unclaimed property to the comptroller;
(2)all proceeds from the sale of any property, including marketable securities, under this chapter;
(3)all funds that have escheated to the state under Chapter 71, except that funds relating to escheated real property shall be deposited according to Section 71.202; and
(4)any income derived from investments of the unclaimed money.
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Legislative history
Acts 2009, 81st Leg., R.S., Ch. 232 (S.B. 1589), Sec. 4, eff. September 1, 2009. Acts 2011, 82nd Leg., R.S., Ch. 685 (H.B. 257), Sec. 9, eff. September 1, 2011. Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 16, eff. May 18, 2021.