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DE SB215

Bill

Official Source

Status

Introduced

5/8/2014

Primary Sponsor

Gregory Lavelle

Click for details

Origin

Senate

147th General Assembly

AI Summary

  • Prohibits the State Escheator from paying outside auditors by commission or percentage of recovered property.

  • Requires all contracts between the State Escheator and audit contractors to be re-bid and renegotiated every 3 years maximum.

  • References existing conflict-of-interest restrictions under Title 29 that prohibit former state employees from representing private enterprises on matters they previously handled for 2 years after leaving state service.

Legislative Description

An Act To Amend Title 12 Of The Delaware Code Relating To Escheatment.

Last Action

Assigned to Banking Committee in Senate

5/8/2014

Committee Referrals

Banking5/8/2014

Full Bill Text

No bill text available