Texas Comptroller of Public Accounts
| Legal Citations: |
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| Revenue Type: Cash — Personal Property |
| Origin Date: 1985 by S.B. 906, 69th Leg., R.S. |
| Issue Date: |
| Revised Date: 2020-09-16 |
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.
On or before July 1.
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.
| Appropriation Year | 26 |
|---|---|
| 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 |