Changes to Existing Law
SB155 — Reduce the amount of net receipts of unclaimed property deposited into the general fund.
1 section modified+101-0
View:
§ 43-41
New Section+101
NEW SECTION added to Chapter 43-41
B: There is created in the state treasury the trust fund for unclaimed property. The fund consists of any net receipts from unclaimed property that exceed the maximum deposit requirements of section 2 of this Act. The state treasurer shall administer the fund. The purpose of the fund is to provide for the return of unclaimed property, provide for the payment of audit expenses, and deposit interest earned into the general fund, in accordance with section 2 of this Act. Expenditures from the fund must be budgeted through the general appropriation bill as provided for in section 2 of this Act.