Texas Comptroller Manual of Accounts - Fiscal 2025
GR Account 0551 – Unclaimed Money (Non-Dedicated)

Created by TEX. PROP. CODE ANN. § 74.601 in 1985 by S.B. 906, 69th Leg., R.S. to receive funds from escheat after designated periods of time, of the following types of property owners or heirs who are unknown or not located: deposit, credit, account or other property held by a depository, such as banks, savings and loan; associations and other banking institutions (escheat period of 5 years); money from dissolved corporations representing the portion of assets distributable to creditors or shareholders; (escheat period of 3 years); portions of estates, including real and personal property (escheat period of 7 years); personal money of an individual confined in Texas Department of Mental Health and Mental Retardation hospital or school, or of a prisoner in Department of Corrections that is deceased, discharged or has escaped (escheat period 5 years); unclaimed life insurance companies funds (escheat period 3 years); uncashed money orders (escheat period of 5 years) or traveler's checks (escheat period of 15 years); mineral proceeds, consisting of obligations to pay resulting from production or sale of minerals, obligations for the acquisition and retention of a mineral lease (escheat period 3 years); any other property or proceeds from sale of such property under this chapter or other statute requiring the delivery of unclaimed property. Account abolished effective 8-31-95 per TEX. GOV'T CODE ANN. § 403.094(h). Account number retained for the 1996-97 biennium for accounting purposes only. Account number discontinued effective 9-1-97 and the program operated directly from the General Revenue Fund (No. 0001).