Bill Text: HI SB2807 | 2014 | Regular Session | Introduced
Bill Title: Unclaimed Property Trust Fund
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2014-03-04 - Referred to FIN, referral sheet 27 [SB2807 Detail]
Download: Hawaii-2014-SB2807-Introduced.html
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THE SENATE |
S.B. NO. |
2807 |
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TWENTY-SEVENTH LEGISLATURE, 2014 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE UNCLAIMED PROPERTY TRUST FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 523A-26, Hawaii Revised Statutes, is amended by amending subsection (d) to read as follows:
"(d) All unencumbered and unexpended
moneys in excess of [$1,300,000] $4,000,000 remaining on balance
in the unclaimed property trust fund on June 30 of each year shall lapse to the
credit of the state general fund."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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BY REQUEST |
Report Title:
Unclaimed Property Trust Fund
Description:
Amends section 532A-26(d), Hawaii Revised Statutes, to increase unclaimed property trust fund balance at the end of each fiscal year.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
