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HI HB1130

Bill

Official Source

Status

Introduced

1/24/2019

Primary Sponsor

Rida Cabanilla Arakawa

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Requires unclaimed property valued under $100 to automatically escheat to the State and be transferred to the general fund.

  • Amends Hawaii Revised Statutes Section 523A-10(c) to eliminate the requirement that the administrator advertise property owners for unclaimed property valued under $100.

  • Aims to reduce administrative burden on the State's unclaimed property program by consolidating low-value claims into general funds rather than maintaining separate accounts.

  • Takes effect upon approval.

Legislative Description

Relating To Unclaimed Property.

Unclaimed Property

Last Action

Referred to JUD, FIN, referral sheet 6

1/28/2019

Committee Referrals

Judiciary1/28/2019

Full Bill Text

No bill text available