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2010 House Bill 6421: Let state take unclaimed property sooner

Public Act 197 of 2010

Introduced by Rep. Fred Durhal, III (D) on September 8, 2010
To let the state government take any unclaimed property that falls under its control if the owner does not claim it within three years. Under current law an owner has five years before the government takes his or her property. This is one of the one-time revenue sources proposed to avoid spending cuts and reforms in the fiscal year that begins Oct. 1, 2010.   Official Text and Analysis.
Referred to the House Appropriations Committee on September 8, 2010
Amendment offered by Rep. Mark Meadows (D) on September 16, 2010
To require the company hired to do a public information campaign notifying the public that their property may be taken sooner to be hired using competitive bidding.
The amendment passed by voice vote in the House on September 16, 2010
Amendment offered in the House on September 16, 2010
To extend the time before the state can take unclaimed property, not reduce it.
The amendment failed by voice vote in the House on September 16, 2010
Received in the Senate on September 21, 2010
Referred to the Senate Appropriations Committee on September 21, 2010
Amendment offered in the Senate on September 23, 2010
To exempt travelers checks from the three year period proposed by the bill, and establish that if a travelers check hasn't been cashed after 15 years (same as under current law).
The amendment passed by voice vote in the Senate on September 23, 2010
Amendment offered by Sen. Jason Allen (R) on September 23, 2010
To exempt property owned by a military service member on active duty outside the country from the three year taking proposal.
The amendment passed by voice vote in the Senate on September 23, 2010
Received in the House on September 23, 2010
Signed by Gov. Jennifer Granholm on October 5, 2010

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