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LEGISLATURE OF NEBRASKA
ONE HUNDRED NINTH LEGISLATURE
SECOND SESSION
LEGISLATIVE BILL 1074
Introduced by Sanders, 45.
Read first time January 15, 2026
Committee: Government, Military and Veterans Affairs
A BILL FOR AN ACT relating to unclaimed property; to amend section1
69-1315, Reissue Revised Statutes of Nebraska, and section 69-1317,2
Revised Statutes Supplement, 2025; to change provisions relating to3
a statute of limitations; to change the treatment of proceeds from4
abandoned property; to change fund balance limitations; to create a5
trust fund; to provide duties for the State Treasurer; to harmonize6
provisions; and to repeal the original sections.7
Be it enacted by the people of the State of Nebraska,8
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Section 1. Section 69-1315, Reissue Revised Statutes of Nebraska, is1
amended to read: 2
69-1315 (a) The expiration of any period of time specified by3
contract, statute, or court order, during which an action or proceeding4
may be commenced or enforced to obtain payment of a claim for money or5
recovery of property, shall not prevent the money or property from being6
presumed abandoned property, nor affect any duty to file a report7
required by the Uniform Disposition of Unclaimed Property Act or to pay8
or deliver abandoned property to the State Treasurer. Holders shall not9
be required to report or to pay or to deliver abandoned property or10
unclaimed funds as to which the statute of limitations applicable to the11
enforcement of any claim to such property shall have expired prior to12
December 25, 1969. 13
(b) Except as provided in subsection (c) of this section, no No14
action or proceeding may be commenced by the State Treasurer with respect15
to any duty of a holder under the act more than seven years after the16
holder files a report for the period in which the duty arose. This17
subsection shall not apply to holders described in section 69-1307.01.18
(c) The period of limitation established under subsection (b) of19
this section is tolled by the delivery of a notice by the State Treasurer20
that a holder is subject to an examination under section 69-1322 or the21
written election by the holder to enter into a voluntary disclosure22
agreement, whichever occurs first. The tolling period shall end upon23
completion of the examination under section 69-1322, the filing of any24
report required pursuant to such voluntary disclosure agreement, or the25
termination of such voluntary disclosure agreement by the State26
Treasurer, whichever occurs first. 27
Sec. 2. Section 69-1317, Revised Statutes Supplement, 2025, is28
amended to read: 29
69-1317 (a)(1)(i) Except as otherwise provided in this subdivision,30
all funds received under the Uniform Disposition of Unclaimed Property31
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Act , including the proceeds from the sale of abandoned property under1
section 69-1316, shall be deposited by the State Treasurer into the2
Unclaimed Property Trust Fund from which he or she shall make prompt3
payment of claims allowed pursuant to the act and payment of any expenses4
related to unclaimed property. All funds received under section5
69-1307.05 shall be deposited by the State Treasurer into the Unclaimed6
Property Trust Fund from which he or she shall make prompt payment of7
claims regarding such funds allowed pursuant to the act. All funds8
received under section 69-1316 shall be deposited by the State Treasurer9
into the Unclaimed Property Liquidation Proceeds Trust Fund. Transfers10
from the Unclaimed Property Trust Fund to the General Fund may be made at11
the direction of the Legislature. Before making any the deposit pursuant12
to this subdivision, the State Treasurer he or she shall record the name13
and last-known address of each person appearing from the holders' reports14
to be entitled to the abandoned property, the name and last-known address15
of each insured person or annuitant, and with respect to each policy or16
contract listed in the report of a life insurance corporation, its17
number, the name of the corporation, and the amount due. The record shall18
be available for public inspection during business hours.19
(ii) The record shall not be subject to public inspection or20
available for copying, reproduction, or scrutiny by commercial or21
professional locators of property presumed abandoned who charge any22
service. A finders' fee cannot be charged by commercial or professional23
locators of property presumed abandoned until twenty-four months after24
the names from the holders' reports have been published or officially25
disclosed. Records concerning the social security number, date of birth,26
and last-known address of an owner shall be treated as confidential and27
subject to the same confidentiality as tax return information held by the28
Department of Revenue, except that the Auditor of Public Accounts shall29
have unrestricted access to such records. 30
(iii) A professional finders' fee shall be limited to ten percent of31
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the total dollar amount of the property presumed abandoned. To claim any1
such fee, the finder shall disclose to the owner the nature, location,2
and value of the property, provide notice of when such property was3
reported to the State Treasurer, and provide notice that the property may4
be claimed by the owner from the State Treasurer free of charge. To claim5
any such fee if the property has not yet been abandoned, the finder shall6
disclose to the owner the nature, location, and value of the property,7
provide notice of when such property will be reported to the State8
Treasurer, if known, and provide notice that, upon receipt of the9
property by the State Treasurer, such property may be claimed by the10
owner from the State Treasurer free of charge. 11
(2)(i) The unclaimed property records of the State Treasurer, the12
unclaimed property reports of holders, and the information derived by an13
unclaimed property examination or audit of the records of a person or14
otherwise obtained by or communicated to the State Treasurer may be15
withheld from the public. Any record or information that may be withheld16
under the laws of this state or of the United States when in the17
possession of such a person may be withheld when revealed or delivered to18
the State Treasurer. Any record or information that is withheld under any19
law of another state when in the possession of that other state may be20
withheld when revealed or delivered by the other state to the State21
Treasurer. 22
(ii) Information withheld from the general public concerning any23
aspect of unclaimed property shall only be disclosed to an apparent owner24
of the property or to the escheat, unclaimed, or abandoned property25
administrators or officials of another state if that other state accords26
substantially reciprocal privileges to the State Treasurer.27
(b)(1) On or before November 1 of each year prior to 2026, the State28
Treasurer shall transfer any balance in excess of one million dollars29
from the Unclaimed Property Trust Fund to the permanent school fund.30
(2) On or before November 1 of each year beginning in 2026 through31
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2035, the State Treasurer shall transfer any balance in excess of five1
one million dollars from the Unclaimed Property Trust Fund as follows:2
(i) The first one million dollars to the Capitol Restoration Cash3
Fund; and 4
(ii) Any remaining balance to the permanent school fund.5
(3) On or before November 1 of each year beginning in 2036, the6
State Treasurer shall transfer any balance in excess of five one million7
dollars from the Unclaimed Property Trust Fund to the permanent school8
fund. 9
(c) Before making any deposit to the credit of the permanent school10
fund, the Capitol Restoration Cash Fund, or the General Fund, the State11
Treasurer may deduct any costs related to unclaimed property and place12
such funds in the Unclaimed Property Cash Fund. 13
(d) The Unclaimed Property Cash Fund is created. Transfers from the14
fund to the General Fund may be made at the direction of the Legislature.15
Any money in the Unclaimed Property Cash Fund available for investment16
shall be invested by the state investment officer pursuant to the17
Nebraska Capital Expansion Act and the Nebraska State Funds Investment18
Act. 19
(e) The Unclaimed Property Liquidation Proceeds Trust Fund is20
created. The fund shall be administered by the State Treasurer. The State21
Treasurer shall credit money to the fund as provided in subdivision (a)22
(1)(i) of this section. Money in the fund shall be transferred to the23
Unclaimed Property Trust Fund as needed to pay claims arising under24
section 69-1316. Money in the fund shall be used for no other purpose. At25
such time as money in this fund is no longer needed to ensure the payment26
of claims arising under section 69-1316, the balance remaining in the27
fund shall be transferred to the Unclaimed Property Trust Fund. Any money28
in the Unclaimed Property Liquidation Proceeds Trust Fund available for29
investment shall be invested by the state investment officer pursuant to30
the Nebraska Capital Expansion Act and the Nebraska State Funds31
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Investment Act. 1
Sec. 3. Original section 69-1315, Reissue Revised Statutes of2
Nebraska, and section 69-1317, Revised Statutes Supplement, 2025, are3
repealed. 4
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