Texas Tax Code

§ 34.03 — DISPOSITION OF EXCESS PROCEEDS

TX § 34.03Title 1. PROPERTY TAX CODE · Part E. COLLECTIONS AND DELINQUENCY · Ch. 34. TAX SALES AND REDEMPTION · Art. A. TAX SALES

Statute text

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(a)The clerk of the court shall:

(1)if the amount of excess proceeds is more than $25, before the 31st day after the date the excess proceeds are received by the clerk, send by a delivery method described by Rule 21a, Texas Rules of Civil Procedure, a written notice to the former owner of the property, at the former owner's last known address according to the records of the court or any other source reasonably available to the court, that:

(A)states the amount of the excess proceeds;

(B)informs the former owner of that owner's rights to claim the excess proceeds under Section 34.04; and

(C)includes a copy or the complete text of this section and Section 34.04;

(2)regardless of the amount, keep the excess proceeds paid into court as provided by Section 34.02(d) for a period of two years after the date of the sale unless otherwise ordered by the court; and

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 421 (S.B. 886), Sec. 2, eff. September 1, 2011. Acts 2015, 84th Leg., R.S., Ch. 636 (S.B. 1725), Sec. 1, eff. September 1, 2015. Acts 2023, 88th Leg., R.S., Ch. 760 (H.B. 4250), Sec. 1, eff. September 1, 2023. Acts 2025, 89th Leg., 2nd C.S., Ch. 7 (H.B. 16), Sec. 9.18, eff. December 4, 2025.