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TX HB5103

Bill

Status

Introduced

3/13/2025

Primary Sponsor

Jon Rosenthal

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Expands the definition of "mineral" under Texas unclaimed property law to explicitly include lithium, salt, and bromine alongside existing minerals such as oil, gas, uranium, sulphur, lignite, and coal

  • Clarifies that substances qualify as minerals regardless of the depth at which they are found

  • Adds provision specifying that minerals qualify for unclaimed property treatment whether found within a liquid, gas, or solid that would ordinarily be considered a nonmineral

  • Modifies the definition of "mineral proceeds" to clarify it covers obligations from production and sale of "all minerals produced" rather than just minerals generally

  • Takes effect September 1, 2025

Legislative Description

Relating to the abandonment of mineral proceeds for purposes of certain unclaimed property laws.

Mines & Mineral Resources

Last Action

Left pending in committee

4/14/2025

Committee Referrals

Energy Resources4/7/2025

Full Bill Text

No bill text available