Issue Date:
Revised Date: 2020-09-16

Legal Cites

Object Type

Cash — Personal Property

Origin Date

1985 by S.B. 906, 69th Leg., R.S.

Description

All mineral proceeds that are held or owing by a holder that have remained unclaimed by an owner for longer than three years after they became payable or distributable and the owner's underlying right to receive those mineral proceeds are presumed abandoned.

Due Date

On or before July 1.

Note

Originally deposited to State Conservator Fund (No. 0164).

Deposit changed to Unclaimed Money Fund (No. 0551) by S.B. 906, 69th Leg., R.S. Revenue exceeding amounts deemed by the Treasurer as necessary to pay claims were allocated to General Revenue (No. 0001) and Foundation School Account (No. 0193) in equal amounts, at least once during each fiscal year.

Amended S.B. 581, 70th Leg., R.S.

Deposit changed to General Revenue 8-31-95 per Government Code § 403.094(h).

H.B. 247, 82nd Leg., R.S. changed due date to July 1.

USAS Values

Appropriation Year 24
USAS Title ESCHEATED ESTATES
Receipt Category 02 – Personal Property
Receipt Type 90 – Other Receipts
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 27 – ESCHEATED ESTATES