Plain English Breakdown
The official source does not provide details on what happens if the report is late or how the change might impact officials' work.
Shortening Report Deadline for State Treasurer
This bill changes the time limit for the state treasurer to submit reports about unclaimed property from four months to three months after the end of each fiscal year.
What This Bill Does
- Changes the law so that the state treasurer must send a report within three months instead of four months after the end of each fiscal year.
- The report is about how the Uniform Unclaimed Property Act worked during the last fiscal year.
- Requires the report to go to the governor, comptroller of the treasury, and leaders in both houses of the state legislature.
Who It Names or Affects
- The State Treasurer
- Governor
- Comptroller of the Treasury
- Leaders in the Senate and House
Terms To Know
- Uniform Unclaimed Property Act
- A law that helps find and return unclaimed property to its rightful owners.
Limits and Unknowns
- The bill does not specify the consequences if the report is submitted late.
- It's unclear how this change will affect the work of the state treasurer or other officials.
- This bill was withdrawn, so it may not become a law.