Texas Local Government Code 117.002 – Transfer of Unclaimed Funds to Comptroller
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 117.002
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
- Property: means real and personal property. See Texas Government Code 311.005
- Rule: includes regulation. See Texas Government Code 311.005
Any funds deposited under this chapter, except cash bail bonds, that are presumed abandoned under Chapter 72, 73, or 75, Property Code, shall be reported and delivered by the county or district clerk to the comptroller without further action by any court. The dormancy period for funds deposited under this chapter begins on the later of:
(1) the date of entry of final judgment or order of dismissal in the action in which the funds were deposited;
(2) the 18th birthday of the minor for whom the funds were deposited; or
(3) a reasonable date established by rule by the comptroller to promote the public interest in disposing of unclaimed funds.