California Assembly Bill AB1890 Introduced / Bill

 BILL NUMBER: AB 1890INTRODUCED BILL TEXT INTRODUCED BY Committee on Higher Education (Portantino (Chair), Block, Cook, Fong, Galgiani, Huber, Ma, and Ruskin) FEBRUARY 16, 2010 An act to amend Sections 2080.8 and 2080.9 of the Civil Code, relating to property. LEGISLATIVE COUNSEL'S DIGEST AB 1890, as introduced, Committee on Higher Education. Property: lost and unclaimed. Existing law authorizes the Regents of the University of California to provide by resolution or regulation for the care, restitution, sale, or destruction of unclaimed property in the possession of the regents or of the University of California Police Department. Existing law also authorizes the Trustees of the California State University to provide by resolution or regulation for the care, restitution, sale, or destruction of unclaimed, lost, or abandoned property in the possession of any state university. Existing law requires any resolution or regulation adopted by the trustees pursuant to those provisions to include that that property shall be held for a period of at least 6 months. This bill would limit that requirement to property valued at or above $300. The bill would also decrease the minimum holding period to 3 months for property held by the state university. The bill would make related technical, nonsubstantive changes. Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 2080.8 of the Civil Code is amended to read: 2080.8.  (a)    The Regents of the University of California may provide by resolution or regulation for the care, restitution, sale or destruction of unclaimed property in the possession of the Regents of the University of California or of the University of California Police Department.  Any   (b)     Any  resolution or regulation adopted pursuant to this section shall provide therein (1) that  such  unclaimed property  valued at or above three hundred dollars ($300)  shall be held by the Regents of the University of California or the University of California Police Department for a period of at least three months, (2) that thereafter  such   the  property will be sold at public auction to the highest bidder, and (3) that notice of  such   that  sale shall be given by the Regents of the University of California or the University of California Police Department at least five days before the time therefor by publication once in a newspaper of general circulation published in the county in which  such   the  property is held.  The   (c)     The  Regents of the University of California may dispose of any  such   of that  property upon which no bid is made at any  such  sale. SEC. 2. Section 2080.9 of the Civil Code is amended to read: 2080.9.  (a)    The Trustees of the California State University may provide by resolution or regulation for the care, restitution, sale, or destruction of unclaimed, lost, or abandoned property in the possession of any state university.  Any   (b)     Any  resolution or regulation adopted pursuant to this section shall include therein (1) that  such  unclaimed or lost property  valued at or above three hundred dollars ($300)  shall be held by the particular state university for a period of at least  six   three  months, (2) that thereafter  such   the  property, as well as abandoned property, will be sold at public auction to the highest bidder, and (3) that notice of  such   that  sale shall be given by the Trustees of the California State University at least five days before the time therefor by publication once in a newspaper of general circulation published in the county in which  such   the  property is held.  The   (c)     The  Trustees of the California State University may dispose of any  such   of that  property upon which no bid is made at any  such  sale.