Connecticut 2022 Regular Session Status: In Committee

SB 486 — AN ACT CONCERNING TREASURER NOTIFICATION OF AND INTEREST ON UNCLAIMED PROPERTY.

Last action — PUBLIC HEARING 0330

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

9 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill updates the notification process for unclaimed property and enhances communication between the Treasurer and property owners.

  • Section 3-66a

    having a value of fifty dollars or more

    Notice of all property reported and transferred to the Treasurer is no longer restricted to items valued over fifty dollars.

  • Section 3-66a

    which → that

    Updates the language used in the statute for clarity.

  • Section 3-66a

    [The provisions of this section shall not apply to items reported in the aggregate pursuant to subsection (h) of section 3-65a.]

    The exclusion of aggregate reporting provisions is removed, making all items subject to the notice requirement.

  • Section 3-66a

    On and after January 1, 2023, the Treasurer shall: (1) Notify by first-class mail each person reported as the apparent owner of unclaimed property...

    The Treasurer is required to notify owners of unclaimed property by first-class mail.

  • Section 3-66a

    The Treasurer may insert in any such notice such additional information as the Treasurer deems necessary for the proper administration of this part.

    The Treasurer can include additional information in the notices as deemed necessary.

  • Section 3-65a

    Within → Not later than

    The timeframe for holders to notify owners about presumption of abandonment is clarified.

  • Section 3-65a

    [except that the holder shall report in the aggregate items having a value of less than fifty dollars;]

    Holders are now required to report individually, regardless of item value.

  • Section 3-65a

    Except for claims paid under section 3-67a and except as provided in subsection (e) of section 3-70a,

    Provisions regarding interest, income, or other increments accruing to abandoned property are removed.

  • Section 3-70a

    Any person claiming an interest in property surrendered to the Treasurer under the provisions of this part may claim such property, or the proceeds from the sale thereof, at any time thereafter.

    Owners can claim an interest in unclaimed property at any time, providing more flexibility.

Action History

  1. PUBLIC HEARING 0330

  2. REF. TO JOINT COMM. ON Finance, Revenue and Bonding

Sponsors

  • Revenue And Bonding Committee Finance · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 186 not signed on

Sponsors (1)

  • Finance, Revenue And Bonding Committee

Co-sponsors (0)

None.

Not signed on (186)

186 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 486?
SB 486 is sponsored by Finance, Revenue And Bonding Committee.
What is the current status of SB 486?
This bill died with 2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 486?
Track SB 486 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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