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FISCAL NOTE
House Bill 114
Committee: County and Municipal
Government
Sponsor: Representative Matt Woods
Analyst: Peter Grogan Date: 03/23/2023
House Bill 114 as introduced requires certain unclaimed funds in a county treasury to be
forfeited and subsequently vested in the country treasury to be used solely for the maintenance,
repair, and construction of roads and bridges within the county. The cumulative balance of
unclaimed funds in the county treasuries is estimated to be $14.8 million, according to
information from the Department of Examiners of Public Accounts for fiscal years ranging from
2019 to 2022.
This bill could increase the obligations of a county by an undetermined amount dependent upon
the costs associated with providing notice of the intended forfeiture of funds held by the county
pursuant to this bill.