Bill Title: Amends existing law relating to unclaimed property to allow the administrator a period of five years prior to turning property over to the Public School Endowment Fund; to require holders reporting ten or more properties to report in a format required by the administrator; to allow the administrator discretion to sell abandoned property within three years; and to allow the administrator to waive penalties and interest in certain cases.

Spectrum: Unknown

Status: (Passed) 2010-02-24 - Governor signed Session Law Chapter 15 Effective: 07/01/10 [H0385 Detail]

Text: Latest bill text (Introduced) [PDF]

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