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 834 Original 2022 Regular Session Illg
Abstract: Provides relative to unclaimed property for sports wagering accounts.
Present law (R.S. 9:153(12)), relative to the Uniform Unclaimed Property Act, provides for a
definition of "property".
Proposed law adds a sports wagering account as defined in present law (R.S. 27:602) to the present
law definition of property.
Present law (R.S. 9:154) provides that property is presumed abandoned if it is unclaimed by the
apparent owner for a certain period of time which depends on the type of the particular property.
Proposed law retains present law and adds that funds in a sports wagering account are presumed
abandoned if no activity by the apparent owner has occurred for three years from the last date of an
account deposit or withdrawal or fund transfer from a sports wagering account, withdrawal of funds
for sports wagering, credit of winnings or other amount due to the apparent owner or authorized by
the apparent owner.
Proposed law prohibits a licensee, operator, or sports wagering account operator holding a sports
wagering account which has been abandoned pursuant to proposed law from charging an
administration fee or maintenance fee for any abandoned sports wagering account derived from La.
residents at any time or for any reason.
(Amends R.S. 9:154(A)(16) and (17); Adds R.S. 9:153(12)(i), 154(A)(18), and 157.1)