Tex. Prop. Code Section 74.3061
Escheat of Funds in the Possession of the United States

(a)

In the event any money is due to a resident of this state in the nature of a refund, rebate, or other overpayment of taxes or fees to the United States with respect to which the resident is likely to have his rights to secure such refund or rebate barred by a statute of limitations, or if for any reason at least three years has elapsed after the date on which the resident could have filed a timely claim for said refund or rebate, the comptroller is appointed agent of such resident to apply for said refund or rebate and is authorized to do any act which a natural person could do to recover said money. When the comptroller files an application or initiates any other proceeding to secure said refund or rebate, the comptroller is coupled with an interest in the money sought and money recovered. All property within this provision, including all principal and interest accruing thereon, is declared to have escheated and to have become the property of the state.

(b)

The funds escheated by the state pursuant to this provision shall be given notice as provided by Section 74.201 (Required Notice). Title to any such property shall be transferred by the state to any persons who in accordance with Subchapter F can show that the property belonged to them immediately prior to the escheat or that they were heirs to those funds immediately prior to the escheat.
Added by Acts 1997, 75th Leg., ch. 1037, Sec. 25, eff. Sept. 1, 1997.

Source: Section 74.3061 — Escheat of Funds in the Possession of the United States, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­74.­htm#74.­3061 (accessed Jun. 5, 2024).

74.001
Applicability 74.101
Property Report 74.102
Signed Statement 74.103
Retention of Records 74.104
Confidentiality of Property Report 74.105
Combined Reporting 74.106
Continuing Reporting Requirement 74.201
Required Notice 74.203
Authorized Notice 74.205
Charge for Notice 74.206
Advertising and Promotion 74.301
Delivery of Property to Comptroller 74.302
Statement of Delivered Property 74.304
Responsibility After Delivery 74.306
Unclaimed Property Held by Federal Government 74.307
List of Owners 74.308
Period of Limitation Not a Bar 74.309
Private Escheat Agreements Prohibited 74.401
Sale of Property 74.402
Notice of Sale 74.403
Purchaser’s Title 74.404
Sale of Military Awards and Decorations Prohibited 74.405
Disposition of Securities 74.501
Claim Filed with Comptroller 74.502
Claim Filed with Holder 74.503
Waiver of Claim Requirement 74.504
Hearing 74.506
Appeal 74.507
Assistance of Claimant 74.508
Claim of Another State to Recover Property 74.509
Handling Fee for Processing Unclaimed Property 74.601
Unclaimed Money 74.602
Use of Money 74.603
Audit 74.604
Disposition of Money Delivered to Comptroller from Certain Attorney Accounts 74.701
Rules 74.702
Examination of Records 74.703
Additional Personnel 74.704
Assistance in Enforcement 74.705
Interest 74.706
Penalty 74.707
Waiver or Abatement of Penalty or Interest 74.708
Property Held in Trust 74.709
Suit to Compel Delivery of Property and Civil Penalties 74.710
Criminal Offense 74.711
Authority to Take Testimony and Issue Administrative Subpoenas 74.712
Enforcement of Subpoenas 74.1011
Notice by Property Holder Required 74.3011
Delivery of Money to Rural Scholarship Fund 74.3012
Delivery of Money to Urban Scholarship Fund 74.3013
Delivery of Money for Rural Scholarship, Economic Development, and Energy Efficiency Assistance 74.3061
Escheat of Funds in the Possession of the United States 74.7021
Limitation Period for Examination
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 74.3061’s source at texas​.gov