Bill
SB 569
84(R) - 2015
Senate Intergovernmental Relations
Senate Intergovernmental Relations
Intergovernmental Affairs
Vote Recommendation
Yes
-
Neutral
-
Neutral
-
Positive
-
Neutral
-
Neutral
Author(s)
Brandon Creighton
Bill Caption
Relating to the presumption of abandonment of certain tangible personal property held by a county.
Fiscal Notes
No fiscal impact to the State or local governments is expected.
Bill Analysis
This bill seeks to create another exception under Chapter 72 of the Property Code for personal property assumed abandoned, in this case tangible property located on county land. The property in question would be considered abandoned if: the property is held by the county, the existence and location of the property owner is unknown, and if a claim has not been asserted to that property within 120 days. This is far less time than the other exceptions and a sharp decline from the current minimum of three years.
Vote Recommendation Notes
This
bill would allow for counties to auction off abandoned tangible personal
property that is worth $100 or less if no claim is made on it within 120 days. SB 569 would increase personal responsibility by requiring individuals to lay
claim on less valuable lost or abandoned items within a reasonable time frame. In turn this
should help save county governments on storage costs and help clean up county land that is littered with abandoned property.