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HI SB2807

Bill

Official Source

Status

Engrossed

2/27/2014

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Increases the annual balance threshold for the unclaimed property trust fund from $1,300,000 to $4,000,000.
  • Changes the lapsing provision so that only unencumbered and unexpended moneys in excess of $4,000,000 revert to the state general fund on June 30 of each year.
  • Allows the unclaimed property trust fund to retain a larger reserve balance before surplus funds are transferred to the general fund.
  • Takes effect upon approval.

Legislative Description

Unclaimed Property Trust Fund

Last Action

Referred to FIN, referral sheet 27

3/4/2014

Committee Referrals

Finance3/4/2014
Ways and Means1/23/2014

Full Bill Text

No bill text available