| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Yes | Neutral | Positive | Neutral | Positive | Neutral |
Relating to the release by the comptroller of unclaimed property to certain persons.
Estimated Twoyear Net Impact to General Revenue Related Funds for HB1981, Committee Report 1st House, Substituted : a negative impact of ($1,306,000) through the biennium ending August 31, 2023.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
HB 1981 would allow the comptroller to release unclaimed property to a person holding a limited power of attorney from the property owner or the owner’s heirs that authorizes the person to receive the unclaimed property.
Texas Action supports HB 1981 which uplifts private property rights by making it easier for a property owner or their heirs to regain unclaimed property.