By: Castro (Senate Sponsor - Uresti)	H.B. No. 650
	(In the Senate - Received from the House April 11, 2011;
	April 26, 2011, read first time and referred to Committee on Higher
	Education; May 5, 2011, reported favorably by the following vote:
	Yeas 7, Nays 0; May 5, 2011, sent to printer.)

	A BILL TO BE ENTITLED
	AN ACT
	relating to property held by certain junior colleges and presumed
	abandoned.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 76.001, Property Code, is amended to
	read as follows:
	Sec. 76.001.  APPLICABILITY.  (a)  This chapter applies only
	to the holder of property if:
	(1)  the holder is a:
	(A)  school district;
	(B)  [,] municipality;
	(C)  [, or] county; or
	(D)  junior college that has, in the manner
	described by Subsection (b), opted to handle property described by
	Subdivision (2) in accordance with this chapter; and
	(2)  the property is:
	(A)  presumed abandoned under Chapter 72 or 75;
	and
	(B)  valued at $100 or less.
	(b)  This chapter applies to a junior college only if the
	governing board of the junior college takes formal action to opt to
	handle property described by Subsection (a)(2) in accordance with
	this chapter.
	SECTION 2.  This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution.  If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect September 1, 2011.
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