Connecticut 2019 Regular Session

Connecticut House Bill HB05709 Compare Versions

Version 1 (Old)

Version 2 (New)

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4	4		HB.docx
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7	7		General Assembly Committee Bill No. 5709
8	8		January Session, 2019
9	9		LCO No. 5062
10	10
11	11
12	12		Referred to Committee on GOVERNMENT ADMINISTRATION
13	13		AND ELECTIONS
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15	15
16	16		Introduced by:
17	17		(GAE)
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21	21		AN ACT REQUIRING ADD ITIONAL NOTIFICATION REGARDING
22	22		ABANDONED PROPERTY.
23	23		Be it enacted by the Senate and House of Representatives in General
24	24		Assembly convened:
25	25
26	26		Section 1. (NEW) (Effective October 1, 2019) Notwithstanding any 1
27	27		other provision of part III of chapter 32 of the general statutes, upon 2
28	28		the payment or delivery of money or other property to the Treasurer 3
29	29		under sections 3-62b to 3-62g, inclusive, of the general statutes for 4
30	30		deposit in the Special Abandoned Property Fund, where the apparent 5
31	31		owner is a municipality, including a department, agency or division of 6
32	32		a municipality, the Treasurer shall notify such municipality by first 7
33	33		class mail that such money or other property is subject to escheat to the 8
34	34		state, and of the municipality's ability to make a claim to such money 9
35	35		or property by contacting the Office of the Treasurer. As used in this 10
36	36		section, "municipality" means any town, city, borough, consolidated 11
37	37		town and city, consolidated town and borough, any metropolitan 12
38	38		district, any regional school district, any district as defined in section 7-13
39	39		324 of the general statutes, and any other municipal corporation or 14
40	40		authority authorized to issue bonds, notes or other obligations under 15 Committee Bill No. 5709
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47	47		the provisions of the general statutes or any special act. 16
48	48		Sec. 2. Section 3-66a of the general statutes is repealed and the 17
49	49		following is substituted in lieu thereof (Effective October 1, 2019): 18
50	50		(a) During the [2016] 2020 calendar year and every second year 19
51	51		thereafter, the Treasurer shall cause notice to be posted electronically 20
52	52		on the Treasurer's Internet web site of all property [having a value of 21
53	53		fifty dollars or more] reported and transferred to the Treasurer which 22
54	54		was presumed abandoned during preceding calendar years and notice 23
55	55		of which was not previously published or posted. In addition to such 24
56	56		posted notice, the Treasurer [may] shall make such notice accessible to 25
57	57		the public [electronically] through additional telecommunications 26
58	58		methods as the Treasurer deems cost effective and appropriate, 27
59	59		including, but not limited to, at least one of the following methods: A 28
60	60		broadcast by radio, television or satellite communication, a notice in a 29
61	61		newspaper, magazine, on a billboard or by mail. 30
62	62		(b) The posted notice required under subsection (a) of this section 31
63	63		shall contain: (1) The names, in alphabetical order, and the last-known 32
64	64		addresses, if any, of all persons reported as the apparent owners of 33
65	65		unclaimed property, and (2) a statement that any person possessing an 34
66	66		interest in such property may obtain from the Treasurer information 35
67	67		concerning the amount and description of such property and the name 36
68	68		and address of the holder thereof free of charge. Such notice shall be in 37
69	69		a form that is easily accessible to and searchable by the public. The 38
70	70		Treasurer may cause to be posted at any time, in the manner 39
71	71		prescribed in subsection (a) of this section, an additional notice stating 40
72	72		that such list may be obtained from other specified sources. 41
73	73		(c) The Treasurer may insert in any such notice such additional 42
74	74		information as the Treasurer deems necessary for the proper 43
75	75		administration of this part. 44
76	76		(d) The provisions of this section shall not apply to items reported in 45
77	77		the aggregate pursuant to subsection (h) of section 3-65a. 46 Committee Bill No. 5709
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84	84		Sec. 3. Subsection (b) of section 3-65a of the general statutes is 47
85	85		repealed and the following is substituted in lieu thereof (Effective 48
86	86		October 1, 2019): 49
87	87		(b) Within ninety days after the close of the calendar year in which 50
88	88		property is presumed abandoned, the holder shall pay or deliver such 51
89	89		property to the Treasurer and file, on forms which the Treasurer shall 52
90	90		provide, a report of unclaimed property. Each report shall be verified 53
91	91		and shall include: (1) The name, if known, and last-known address, if 54
92	92		any, of each person appearing to be the owner of such property; (2) in 55
93	93		case of unclaimed funds of an insurance company, the full name of the 56
94	94		insured or annuitant and beneficiary and his or her last-known 57
95	95		address appearing on the insurance company's records; (3) the nature 58
96	96		and identifying number, if any, or description of the property and the 59
97	97		amount appearing from the records to be due; [except that the holder 60
98	98		shall report in the aggregate items having a value of less than fifty 61
99	99		dollars;] (4) the date when the property became payable, demandable 62
100	100		or returnable and the date of the last transaction with the owner with 63
101	101		respect to the property; (5) if the holder is a successor to other holders, 64
102	102		or if the holder has changed the holder's name, all prior known names 65
103	103		and addresses of each holder of the property; and (6) such other 66
104	104		information as the Treasurer may require. 67
105	105		This act shall take effect as follows and shall amend the following
106	106		sections:
107	107
108	108		Section 1 October 1, 2019 New section
109	109		Sec. 2 October 1, 2019 3-66a
110	110		Sec. 3 October 1, 2019 3-65a(b)
111	111
112	112		GAE Joint Favorable
113		-	APP Joint Favorable
114	113