HB 1187 Summary

• Creates a new duty for the state treasurer to employ an administrator of abandoned property and other necessary personnel, with salaries set within legislative appropriations limits.

• Transfers abandoned property administration responsibilities from the "commissioner of university and school lands" to the "administrator of abandoned property" throughout North Dakota Century Code chapters 10-15-49, 47-30.1-24.1, 57-38-57, and 57-39.2-23.

• Requires the administrator to notify state agencies within one year of receiving property and present reports to the legislative management budget section; agencies lose recovery rights upon budget section approval.

• Authorizes tax commissioners and other state officials to furnish taxpayer names, addresses, and federal identification numbers to the administrator for identifying owners of unclaimed property and vouchers.

• Repeals section 15-02-05.2 of the North Dakota Century Code relating to the previous abandoned property administrator position.