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TX HB5103
Bill
Status
3/13/2025
Primary Sponsor
Jon Rosenthal
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AI Summary
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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
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Clarifies that substances qualify as minerals regardless of the depth at which they are found
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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
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Modifies the definition of "mineral proceeds" to clarify it covers obligations from production and sale of "all minerals produced" rather than just minerals generally
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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