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ID H0508
Bill
Status
Passed
3/19/2014
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
- Amends Section 14-518 of Idaho Code regarding notice and publication of abandoned property lists
- Removes the requirement for a separate notice of escheatment, instead incorporating escheatment information into the quarterly website list notice
- Requires the administrator to maintain and update quarterly a list of abandoned property owners on a website connected to the state treasurer's website, with county newspaper notices published at least one week before each posting
- Authorizes the administrator to undertake additional public outreach efforts including participation in public events, media advertisements, and distribution of brochures to inform owners about retrieving abandoned property and educate holders about their chapter requirements
- Maintains existing provisions that property values under $100 need not be listed unless deemed in the public interest, and exempts traveler's checks, money orders, and similar instruments from listing requirements
Legislative Description
Amends existing law to revise the requirement of a notice of escheatment and to establish provisions regarding public outreach.
UNCLAIMED PROPERTY
Last Action
Reported Signed by Governor on March 19, 2014 Session Law Chapter 167 Effective: 07/01/2014
3/19/2014
Committee Referrals
State Affairs2/27/2014
State Affairs2/14/2014
Full Bill Text
No bill text available