HB4279 • 2025

Relating to the delivery of unclaimed property to certain urban scholarship funds; authorizing administrative penalties.

Education

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Davis, Yvonne | Simmons
Last action: 2025-05-14
Official status: 05/14/2025 S Received from the House
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to the delivery of unclaimed property to certain urban scholarship funds; authorizing administrative penalties.

What This Bill Does

Relating to the delivery of unclaimed property to certain urban scholarship funds; authorizing administrative penalties.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-05-14 Texas Legislature Online
Received from the House
2025-05-13 Texas Legislature Online
Motion to reconsider called from Journal
2025-05-13 Texas Legislature Online
Vote reconsidered
2025-05-13 Texas Legislature Online
Passed
2025-05-13 Texas Legislature Online
Record vote. RV#2254
2025-05-13 Texas Legislature Online
Statement(s) of vote recorded in Journal
2025-05-13 Texas Legislature Online
Reported engrossed
2025-05-12 Texas Legislature Online
1 legislative day notice-to call from Journal
2025-05-10 Texas Legislature Online
Read 3rd time
2025-05-10 Texas Legislature Online
Failed to pass
2025-05-10 Texas Legislature Online
Record vote. RV#2030
2025-05-10 Texas Legislature Online
Statement(s) of vote recorded in Journal
2025-05-10 Texas Legislature Online
Motion to reconsider spread on the Journal
2025-05-09 Texas Legislature Online
Read 2nd time
2025-05-09 Texas Legislature Online
Passed to engrossment
2025-05-09 Texas Legislature Online
Record vote. RV#1946
2025-05-09 Texas Legislature Online
Statement(s) of vote recorded in Journal
2025-05-08 Texas Legislature Online
Placed on General State Calendar
2025-05-06 Texas Legislature Online
Considered in Calendars
2025-05-05 Texas Legislature Online
Comte report filed with Committee Coordinator
2025-05-05 Texas Legislature Online
Committee report distributed
2025-05-05 Texas Legislature Online
Committee report sent to Calendars
2025-05-02 Texas Legislature Online
Considered in formal meeting
2025-05-02 Texas Legislature Online
Reported favorably w/o amendment(s)
2025-05-02 Texas Legislature Online
Vote reconsidered in committee
2025-05-02 Texas Legislature Online
Committee substitute considered in committee
2025-05-02 Texas Legislature Online
Reported favorably as substituted
2025-04-29 Texas Legislature Online
Scheduled for public hearing on . . .
2025-04-29 Texas Legislature Online
Considered in public hearing
2025-04-29 Texas Legislature Online
Testimony taken/registration(s) recorded in committee
2025-04-29 Texas Legislature Online
Left pending in committee
2025-04-01 Texas Legislature Online
Read first time
2025-04-01 Texas Legislature Online
Referred to Higher Education
2025-03-10 Texas Legislature Online
Filed

Official Summary Text

Relating to the delivery of unclaimed property to certain urban scholarship funds; authorizing administrative penalties.

Current Bill Text

Read the full stored bill text

89(R) HB 4279 - Engrossed version - Bill Text

89R19500 SCR-F

By: Y. Davis of Dallas, Simmons

H.B. No. 4279

A BILL TO BE ENTITLED

AN ACT

relating to the delivery of unclaimed property to certain urban

scholarship funds; authorizing administrative penalties.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 74.3012, Property Code, is amended by

amending Subsections (a) and (b) and adding Subsection (h) to read

as follows:

(a) Notwithstanding and in addition to any other provision

of this chapter or other law, a local exchange company
shall
[
may
]

deliver reported money to a scholarship fund for urban students

instead of delivering the money to the comptroller as prescribed by

Section 74.301.

(b) A local exchange company
shall
[
may
] deliver the money

under this section only to a scholarship fund established by one or

more local exchange companies in this state to enable needy

students from urban areas to attend college, technical school, or

another postsecondary educational institution.

(h)

A local exchange company is subject to a penalty under

Section 74.706(a-1) for a violation of this section.

SECTION 2. Section 74.706, Property Code, is amended by

adding Subsection (a-1) and amending Subsection (b) to read as

follows:

(a-1)

If a holder fails to deliver property to a scholarship

fund for urban students as required by Section 74.3012 on or before

the latest date for delivery of property under Section 74.301(a), a

penalty equal to 10 percent of the value of the property due shall

be imposed on the holder for each day on and after that date on which

the holder fails to deliver the property.

(b) For purposes of
Subsections
[
Subsection
] (a)
and (a-1)
,

"holder" does not include a local governmental entity or an officer

or employee of a local governmental entity who is performing the

officer's or employee's official duties for the local governmental

entity.

SECTION 3. This Act takes effect immediately if it receives

a vote of two-thirds of all the members elected to each house, as

provided by Section 39, Article III, Texas Constitution. If this

Act does not receive the vote necessary for immediate effect, this

Act takes effect September 1, 2025.