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 Section 3-66a of the general statutes is repealed and the 17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