CS/CS/CS/HB 783: Unclaimed Property
GENERAL BILL by Regulatory Affairs Committee ; Government Operations Appropriations Subcommittee ; Insurance and Banking Subcommittee ; Trumbull ; (CO-INTRODUCERS) Raschein
Unclaimed Property; Provides exception to unclaimed property reporting requirements; requires certain unclaimed funds to be deposited with CFO; revises aggregate value that constitutes small estate account; revises requirements for power of attorney used in recovery of unclaimed property; eliminates maximum fee provision for recovery; revises requirements for contracts to acquire ownership of or entitlement to unclaimed property; repeals provisions relating to void unclaimed property powers of attorney & purchase agreements.
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Bill History
Date Chamber Action 11/24/2015 House • Filed
12/10/2015 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 68
1/12/2016 House • Introduced -HJ 68
1/28/2016 House • On Committee agenda-- Insurance and Banking Subcommittee, 02/01/16, 12:00 pm, Sumner Hall
2/1/2016 House • CS by Insurance and Banking Subcommittee; YEAS 10 NAYS 1 -HJ 395
2/4/2016 House • Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 392
2/5/2016 House • Now in Government Operations Appropriations Subcommittee -HJ 405
2/12/2016 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 02/16/16, 9:30 am, Morris Hall
2/16/2016 House • CS/CS by Government Operations Appropriations Subcommittee; YEAS 11 NAYS 0 -HJ 482
• Pending review of CS under Rule 7.19(c)
2/17/2016 House • CS/CS by Government Operations Appropriations Subcommittee read 1st time -HJ 479
2/18/2016 House • Now in Regulatory Affairs Committee -HJ 506
2/23/2016 House • On Committee agenda-- Regulatory Affairs Committee, 02/25/16, 9:00 am, Sumner Hall
2/25/2016 House • CS/CS/CS by- Regulatory Affairs Committee; YEAS 15 NAYS 0 -HJ 604
2/29/2016 House • Pending review of CS -under Rule 7.19(c)
• CS/CS/CS by Regulatory Affairs Committee read 1st time -HJ 602
3/1/2016 House • Placed on Calendar -HJ 638
• Placed on Special Order Calendar, 03/03/16
3/3/2016 House • Read 2nd time -HJ 712
• Placed on 3rd reading
3/4/2016 House • Read 3rd time -HJ 734
• CS passed; YEAS 116 NAYS 0 -HJ 734
3/4/2016 Senate • In Messages
• Referred to Banking and Insurance; Judiciary; Appropriations -SJ 729
• Received -SJ 729
• Withdrawn from Banking and Insurance; Judiciary; Appropriations -SJ 722
• Placed on Calendar, on 2nd reading -SJ 722
• Substituted for CS/SB 970 -SJ 722
• Read 2nd time -SJ 722
• Placed on 3rd reading
3/7/2016 Senate • Read 3rd time -SJ 736
• CS passed; YEAS 38 NAYS 0 -SJ 737
3/7/2016 House • Ordered enrolled -HJ 891
3/9/2016 • Signed by Officers and presented to Governor -HJ 980
3/24/2016 • Approved by Governor
• Chapter No. 2016-90
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CS/CS/CS/HB 783, Enrolled (Current Bill Version) Posted 3/7/2016 at 11:28 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 970 (c1) Unclaimed Property Richter Similar Last Action: 3/4/2016 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 783 (Ch. 2016-90) -SJ 722
Location: Laid on Table
Citations - Statutes (11)
Citation Catchline Location in Bill Location In Bill Help 717.101 Definitions. Page 2 (pdf) 717.117 Report of unclaimed property. Page 3 (pdf) 717.1235 Page 4 (pdf) 717.1243 Small estate accounts. Page 4 (pdf) 717.1262 Court documents. Page 4 (pdf) 717.1333 Evidence; estimations; audit reports, examiner’s worksheets, investigative reports, other related documents. Page 5 (pdf) 717.135 Power of attorney to recover reported property in the custody of the department. Page 5 (pdf) 717.1351 Acquisition of unclaimed property. Page 9 (pdf) 717.1381 Void unclaimed property powers of attorney and purchase agreements. Page 12 (pdf) 717.139 Uniformity of application and construction. Page 12 (pdf) 717.1400 Registration. Page 13 (pdf) -
CS/CS/CS/HB 783, Committee Substitute 3 Posted 2/29/2016 at 10:21 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 970 (c1) Unclaimed Property Richter Similar Last Action: 3/4/2016 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 783 (Ch. 2016-90) -SJ 722
Location: Laid on Table
Floor Votes (2)
Date Chamber Result 3/4/2016 11:04 AM House 116 Yeas - 0 Nays 3/7/2016 10:22 AM Senate 38 Yeas - 0 Nays Citations - Statutes (11)
Citation Catchline Location in Bill Location In Bill Help 717.101 Definitions. Page 2 (pdf) 717.117 Report of unclaimed property. Page 3 (pdf) 717.1235 Page 4 (pdf) 717.1243 Small estate accounts. Page 4 (pdf) 717.1262 Court documents. Page 4 (pdf) 717.1333 Evidence; estimations; audit reports, examiner’s worksheets, investigative reports, other related documents. Page 5 (pdf) 717.135 Power of attorney to recover reported property in the custody of the department. Page 5 (pdf) 717.1351 Acquisition of unclaimed property. Page 9 (pdf) 717.1381 Void unclaimed property powers of attorney and purchase agreements. Page 12 (pdf) 717.139 Uniformity of application and construction. Page 12 (pdf) 717.1400 Registration. Page 13 (pdf) -
CS/CS/HB 783, Committee Substitute 2 Posted 2/16/2016 at 6:33 PM
Bill Text: PDF Analyses: Regulatory Affairs Committee (Post-Meeting) 2/29/2016 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 970 (c1) Unclaimed Property Richter Similar Last Action: 3/4/2016 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 783 (Ch. 2016-90) -SJ 722
Location: Laid on Table
Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 951823 - Amendment
Between lines 70 and 71, insert:Raschein 2/24/2016
8:29 PMAdopted without Objection
2/25/2016PDF 743681 - Amendment
Remove lines 128-233 and insert:Trumbull 2/24/2016
8:31 PMAdopted without Objection
2/25/2016PDF Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 717.101 Definitions. Page 2 (pdf) 717.1235 Page 3 (pdf) 717.1243 Small estate accounts. Page 4 (pdf) 717.1262 Court documents. Page 4 (pdf) 717.1333 Evidence; estimations; audit reports, examiner’s worksheets, investigative reports, other related documents. Page 4 (pdf) 717.135 Power of attorney to recover reported property in the custody of the department. Page 5 (pdf) 717.1351 Acquisition of unclaimed property. Page 8 (pdf) 717.1381 Void unclaimed property powers of attorney and purchase agreements. Page 9 (pdf) 717.139 Uniformity of application and construction. Page 10 (pdf) 717.1400 Registration. Page 10 (pdf) -
CS/HB 783, Committee Substitute 1 Posted 2/4/2016 at 1:08 PM
Bill Text: PDF Analyses: Government Operations Appropriations Subcommittee (Post-Meeting) 2/16/2016 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 970 (c1) Unclaimed Property Richter Similar Last Action: 3/4/2016 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 783 (Ch. 2016-90) -SJ 722
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 554853 - Amendment
Remove lines 378-384Trumbull 2/15/2016
4:33 PMAdopted without Objection
2/16/2016PDF Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 717.101 Definitions. Page 2 (pdf) 717.1235 Page 3 (pdf) 717.1243 Small estate accounts. Page 4 (pdf) 717.1262 Court documents. Page 4 (pdf) 717.1333 Evidence; estimations; audit reports, examiner’s worksheets, investigative reports, other related documents. Page 4 (pdf) 717.135 Power of attorney to recover reported property in the custody of the department. Page 5 (pdf) 717.1351 Acquisition of unclaimed property. Page 8 (pdf) 717.1381 Void unclaimed property powers of attorney and purchase agreements. Page 9 (pdf) 717.139 Uniformity of application and construction. Page 10 (pdf) 717.1400 Registration. Page 10 (pdf) -
HB 783, Original Filed Version Posted 11/24/2015 at 9:42 AM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/30/2016 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 970 Unclaimed Property Richter Identical Last Action: 3/4/2016 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 783 (Ch. 2016-90) -SJ 722
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 885273 - Strike All Amendment
Remove everything after the enacting clause and insert:Trumbull 1/30/2016
4:19 PMAdopted without Objection
2/1/2016PDF Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 45.034 Qualifications and appointment of a surplus trustee in foreclosure actions. Page 2 (pdf) 717.101 Definitions. Page 2 (pdf) 717.1235 Page 3 (pdf) 717.1243 Small estate accounts. Page 4 (pdf) 717.1333 Evidence; estimations; audit reports, examiner’s worksheets, investigative reports, other related documents. Page 4 (pdf) 717.135 Power of attorney to recover reported property in the custody of the department. Page 4 (pdf) 717.1351 Acquisition of unclaimed property. Page 6 (pdf) 717.1381 Void unclaimed property powers of attorney and purchase agreements. Page 7 (pdf) 717.1400 Registration. Page 7 (pdf)