SB19-261
Unclaimed Property Trust Fund Transfer
Concerning the transfer of money from the unclaimed property trust fund to the general fund.
Session:
2019 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
Unclaimed property trust fund - transfer - general fund. On July 1, 2019, the act requires the state treasurer to transfer $30 million from the unclaimed property trust fund to the general fund. The amount transferred constitutes fiscal year spending subject to the state fiscal year spending limit.
(Note: This summary applies to this bill as enacted.)