Bill Text: HI SB978 | 2020 | Regular Session | Introduced
Bill Title: Relating To State Library System.
Spectrum: Partisan Bill (Democrat 11-0)
Status: (Engrossed - Dead) 2020-06-22 - Received notice of discharge of all House conferees (Hse. Com. No. 363). [SB978 Detail]
Download: Hawaii-2020-SB978-Introduced.html
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THE SENATE |
S.B. NO. |
978 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to state library system.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 312-3.6, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There is established in the state treasury a
libraries special fund into which shall be deposited all moneys collected
pursuant to section 312-3.5, and all moneys designated to be paid to this fund
pursuant to [section] sections 235-102.5(c)[.] and
523A-19(c)."
SECTION 2. Section 523A-19, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c)
Beginning on July 1, 2014, any claim made under this part for funds in
the unclaimed property trust fund shall be void if the claim is:
(1) For funds totaling
less than [$100;] $250; and
(2) Filed more than ten years after the date that the full amount of the claim was deposited into the unclaimed property trust fund;
provided that for funds totaling less than [$100]
$250 that were deposited into the unclaimed property trust fund on or
prior to June 30, 2014, the ten-year time limitation on claiming the funds
shall commence on July 1, 2014.
Unclaimed funds of $10 or less subject to this subsection, upon
the expiration of the ten-year time limitation, shall escheat to the State and
be transferred to the libraries special fund. Unclaimed funds of more than $10 but less
than $250 subject to this subsection, upon expiration of the ten-year time
limitation, shall escheat to the State and be transferred to the general
fund."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2019.
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INTRODUCED BY: |
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Report Title:
Unclaimed Property; Public Library System; Library Special Fund
Description:
Specifies that unclaimed funds of $10 or less in the unclaimed property trust fund, upon the expiration of a ten-year time limitation, shall escheat to the State and transferred to the libraries special fund. Specifies that unclaimed funds of more than $10 but less than $250 in the unclaimed property trust fund, upon expiration of the ten-year time limitation, shall escheat to the State and be transferred to the general fund.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
