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HI SB2921
Bill
Status
3/1/2018
Primary Sponsor
Michelle Kidani
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AI Summary
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Specifies that unclaimed funds of $10 or less in the Unclaimed Property Trust Fund shall be transferred to the Libraries Special Fund upon expiration of the ten-year claiming period.
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Increases the threshold for claims subject to the ten-year expiration period from $100 to $250.
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Directs unclaimed funds of more than $10 but less than $250 to escheat to the general fund upon expiration of the ten-year time limitation.
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Amends Section 312-3.6 to identify Section 523A-19(c) as an additional source of deposits into the libraries special fund.
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Takes effect on July 1, 2050.
Legislative Description
Relating To State Library System.
Unclaimed Property
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Fukumoto, Johanson, C. Lee, Souki, Todd excused (5).
3/22/2018