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HB456 • 2026

AN ACT relating to the State Treasurer and unclaimed property.

AN ACT relating to the State Treasurer and unclaimed property.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
C. Freeland
Last action
2026-04-10
Official status
04/10/26: signed by Governor (Acts Ch. 78)
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

AN ACT relating to the State Treasurer and unclaimed property.

AN ACT relating to the State Treasurer and unclaimed property.

What This Bill Does

  • AN ACT relating to the State Treasurer and unclaimed property.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SCS1

Senate Committee Substitute 1

Retain original provisions; remove amendments to KRS 393A.020, relating to mineral proceeds.

Plain English: UNOFFICIAL COPY 26 RS HB 456/SCS 1 Page 1 of 1 HB045640.100 - 1029 - XXXX 3/26/2026 12:35 PM Senate Committee Substitute AN ACT relating to the State Treasurer and unclaimed property.

  • UNOFFICIAL COPY 26 RS HB 456/SCS 1 Page 1 of 1 HB045640.100 - 1029 - XXXX 3/26/2026 12:35 PM Senate Committee Substitute AN ACT relating to the State Treasurer and unclaimed property.
  • 1 Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2 SECTION 1.
  • A NEW SECTION OF KRS CHAPTER 2 IS CREATED TO 3 READ AS FOLLOWS: 4 The fourth week of September of each year is designated as Unclaimed Property Week.
  • 5 Section 2.

Bill History

  1. 2026-04-10 Kentucky Legislative Research Commission

    signed by Governor (Acts Ch. 78)

  2. 2026-03-31 Kentucky Legislative Research Commission

    House concurred in Committee Substitute (1) passed 96-0 enrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Governor

  3. 2026-03-27 Kentucky Legislative Research Commission

    posted for passage for concurrence in Senate Committee Substitute (1)

  4. 2026-03-20 Kentucky Legislative Research Commission

    3rd reading, passed 37-0 with Committee Substitute (1) received in House to Rules (H)

  5. 2026-03-19 Kentucky Legislative Research Commission

    2nd reading, to Rules as a consent bill posted for passage in the Consent Orders of the Day for Friday, March 20 2026

  6. 2026-03-18 Kentucky Legislative Research Commission

    reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)

  7. 2026-03-09 Kentucky Legislative Research Commission

    to State & Local Government (S)

  8. 2026-02-19 Kentucky Legislative Research Commission

    received in Senate to Committee on Committees (S)

  9. 2026-02-18 Kentucky Legislative Research Commission

    3rd reading, passed 99-0

  10. 2026-02-17 Kentucky Legislative Research Commission

    posted for passage in the Regular Orders of the Day for Wednesday, February 18 2026

  11. 2026-02-13 Kentucky Legislative Research Commission

    2nd reading, to Rules

  12. 2026-02-12 Kentucky Legislative Research Commission

    reported favorably, 1st reading, to Calendar

  13. 2026-01-29 Kentucky Legislative Research Commission

    to State Government (H)

  14. 2026-01-21 Kentucky Legislative Research Commission

    introduced in House to Committee on Committees (H)

Official Summary Text

AN ACT relating to the State Treasurer and unclaimed property.

Current Bill Text

Read the full stored bill text 
UNOFFICIAL COPY 26 RS HB 456/EN
Page 1 of 1
HB045620.100 - 1029 - XXXX 3/31/2026 1:09 PM Engrossed
AN ACT relating to the State Treasurer and unclaimed property. 1
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
SECTION 1. A NEW SECTION OF KRS CHAPTER 2 IS CREATED TO 3
READ AS FOLLOWS: 4
The fourth week of September of each year is designated as Unclaimed Property Week. 5
Section 2. KRS 41.020 is amended to read as follows: 6
The Department of the Treasury shall be headed by the State Treasurer. He or she shall[ 7
reside and] keep his or her office at the seat of government. 8
Section 3. KRS 393A.740 is amended to read as follows: 9
(1) If a holder enters into a contract or other arrangement for the purpose of evading an 10
obligation under this chapter or otherwise willfully fails to perform a duty imposed 11
on the holder under this chapter, the administrator may require the holder to pay the 12
administrator, in addition to interest as provided in KRS 393A.730, a civil penalty 13
of one thousand dollars ($1,000) for each day the obligation is evaded or the duty is 14
not performed, up to a cumulative maximum amount of twenty -five thousand 15
dollars ($25 ,000), plus twenty -five percent (25%) of the amount or value of 16
property that should have been but was not reported, paid, or delivered as a result of 17
the evasion or failure to perform. 18
(2) If a holder makes a fraudulent report or files a report which fail s to provide all 19
necessary information in their possession under this chapter, the administrator 20
may require the holder to pay to the administrator, in addition to interest under KRS 21
393A.730, a civil penalty of one thousand dollars ($1,000) for each day f rom the 22
date the report was made until corrected, up to a cumulative maximum of twenty -23
five thousand dollars ($25,000), plus twenty -five percent (25%) of the amount or 24
value of any property that should have been reported but was not included in the 25
report or was underreported. 26