Sec. 74.306. UNCLAIMED PROPERTY HELD BY FEDERAL GOVERNMENT. (a) If the federal government enacts a law that provides for the discovery of unclaimed property held by the federal government and that provides or makes that information available to the states, the comptroller may pay to the federal government from the unclaimed money received under this chapter or any other statute requiring the delivery of unclaimed property to the comptroller the proportional share of the necessary cost of examining records.
(b) If the federal government delivers unclaimed property to the comptroller, this state shall hold the federal government harmless from claims made by owners of the property after the delivery.
Added by Acts 1985, 69th Leg., ch. 230, Sec. 17, eff. Sept. 1, 1985. Amended by Acts 1997, 75th Leg., ch. 1037, Sec. 25, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 16.18, eff. Sept. 1, 1997.
Structure Texas Statutes
Chapter 74 - Report, Delivery, and Claims Process
Section 74.301. Delivery of Property to Comptroller
Section 74.3011. Delivery of Money to Rural Scholarship Fund
Section 74.3012. Delivery of Money to Urban Scholarship Fund
Section 74.302. Statement of Delivered Property
Section 74.304. Responsibility After Delivery
Section 74.306. Unclaimed Property Held by Federal Government
Section 74.3061. Escheat of Funds in the Possession of the United States
Section 74.307. List of Owners; Other Public Information