HLS 19RS-464 ENGROSSED 2019 Regular Session HOUSE BILL NO. 124 BY REPRESENTATIVE JONES AND SENATOR ALLAIN Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. CIVIL/LAW: Requires the return of certain abandoned funds to the town of Berwick 1 AN ACT 2To amend and reenact R.S. 9:154.1(A), relative to abandoned funds; to provide for the 3 period of abandonment; to provide for the disposition of abandoned funds; and to 4 provide for related matters. 5Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 9:154.1(A) is hereby amended and reenacted to read as follows: 7 ยง154.1. Compensation for expropriation; ownership; town of Berwick 8 A. Notwithstanding the provisions of R.S. 9:154, monetary funds paid by the 9 town of Berwick into the registry of the court for the expropriation of property and 10 which monetary funds would otherwise be deemed abandoned pursuant to R.S. 11 9:154, and which monetary funds have not been claimed by any person for a period 12 in excess of twelve five years, shall revert to being funds of the town of Berwick, and 13 any such monetary funds held by the administrator or the court shall be returned to 14 the town of Berwick. 15 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 19RS-464 ENGROSSED HB NO. 124 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HB 124 Engrossed 2019 Regular Session Jones Abstract: Requires the return of certain abandoned funds to the town of Berwick. Present law provides that monetary funds paid by the town of Berwick into the registry of the court for the expropriation of property which would otherwise be deemed abandoned pursuant to R.S. 9:154, and which monetary funds have not been claimed for at least 12 years, shall revert to being funds of the town of Berwick. Proposed law retains present law and changes the period of abandonment from 12 years to 5 years, and applies to funds held by either the administrator or the court. (Amends R.S. 9:154.1(A)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.