Tex. Prop. Code Section 74.604
Disposition of Money Delivered to Comptroller from Certain Attorney Accounts

(a)

In this section, “IOLTA account” means an account established as required by the Interest on Lawyers’ Trust Accounts Program administered by the Texas Access to Justice Foundation under supreme court rule.

(b)

Except as provided by Subsection (c), this section applies to money delivered to the comptroller under Section 74.301 (Delivery of Property to Comptroller) as:

(1)

unclaimed or unidentified money in a client trust account established by an attorney or law firm; or

(2)

money in an abandoned IOLTA account.

(c)

This section does not apply to money paid or delivered to a reported owner by the comptroller under Section 74.503 (Waiver of Claim Requirement).

(d)

Notwithstanding any other law, the comptroller shall deposit money to which this section applies to the credit of the basic civil legal services account of the judicial fund. Except as provided by Subsection (e), money deposited to the credit of the basic civil legal services account under this section may be appropriated only to the supreme court for use in programs approved by the supreme court that provide basic civil legal services to indigent persons.

(e)

If the comptroller pays a claim for money deposited to the credit of the basic civil legal services account under Subsection (d), the supreme court shall reimburse the comptroller from the account for the amount of the claim. The supreme court may use money deposited under Subsection (d) to reimburse the comptroller.

(f)

The comptroller and the supreme court may adopt rules necessary to implement this section.
Added by Acts 2023, 88th Leg., R.S., Ch. 1134 (S.B. 658), Sec. 2, eff. September 1, 2023.

Source: Section 74.604 — Disposition of Money Delivered to Comptroller from Certain Attorney Accounts, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­74.­htm#74.­604 (accessed Apr. 20, 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:
Apr. 20, 2024

§ 74.604’s source at texas​.gov