HB104 Summary

• Creates the State Treasury Operations Fund as a special fund to finance operations of the State Treasurer's Office, Unclaimed Property program, and SAFE Program, funded through general appropriations, the Unclaimed Property Reserve Fund, and other receipts.

• Allows unobligated amounts remaining in the State Treasury Operations Fund at fiscal year end to carry forward for continued use by the office.

• Consolidates funding for Unclaimed Property and SAFE Program administration by transferring previously separate administrative funds into the State Treasury Operations Fund.

• Requires quarterly transfers from the Unclaimed Property Reserve Fund to cover administrative costs, with surplus monies deposited into the State General Fund.

• Transfers any unobligated amounts from the Unclaimed Property Administrative Fund and SAFE Program Administration Fund remaining after September 30, 2013 to the State Treasury Operations Fund.