NE LB1074

Amends the statute of limitations for State Treasurer actions against holders of unclaimed property, adding a tolling provision that pauses the 7-year limitation period when a holder receives examination notice or enters a voluntary disclosure agreement

Creates the Unclaimed Property Liquidation Proceeds Trust Fund to separately hold proceeds from the sale of abandoned property under section 69-1316, with funds used exclusively to pay related claims

Increases the Unclaimed Property Trust Fund balance threshold from $1 million to $5 million before excess funds are transferred out, effective for years 2026-2035 and continuing from 2036 onward

Directs annual transfers of excess Trust Fund balances: from 2026-2035, the first $1 million above the threshold goes to the Capitol Restoration Cash Fund with any remainder to the permanent school fund; from 2036 onward, all excess goes to the permanent school fund

Removes proceeds from abandoned property sales from direct deposit into the Unclaimed Property Trust Fund, instead routing them to the new Liquidation Proceeds Trust Fund administered by the State Treasurer