CT SB00486

Requires the Connecticut Treasurer to notify apparent owners of unclaimed property by first-class mail beginning January 1, 2023, including property amount, description, and claim procedures.

Directs state agencies to receive annual lists of unclaimed property owners from the Treasurer and cross-reference against their records to send matching owners direct notice.

Authorizes the Treasurer to pay interest on allowed claims for abandoned property at a rate not less than the deposit index under section 36a-26, accruing from the date of payment or delivery to the Treasurer until claim payment.

Eliminates the requirement for holders to report items valued under fifty dollars in aggregate, requiring instead individual reporting of all items.

Eliminates provisions allowing two-year holder agreements before posting notice; restricts property locator agreements to those entered into more than two years after report filing or notice posting and limits finder fees to ten percent.