ID H0152

Amends Section 14-542 of Idaho Code to establish exemptions from unclaimed property provisions for Idaho counties and nonprofit corporations providing telecommunications service or electric power delivery.

Allows nonprofit corporations engaged in providing telecommunications service or delivery of electric power to handle unclaimed capital credits without being subject to state unclaimed property chapter requirements.

Defines capital credit as an amount paid by a member for service in excess of costs and expenses incurred by a nonprofit corporation, credited to the member's capital account and distributed to the member.

Requires exempt entities to establish a revolving fund equal to 25% of accumulated unclaimed property or $20,000, whichever is less, with excess funds transferable to any entity fund without extinguishing owner's claim rights.

Requires exempt entities to provide the administrator with abandoned property report information to maintain a complete central registry of unclaimed property in the state.