HB 1564-FN – AS INTRODUCED

2014 SESSION

14-2185

06/04

HOUSE BILL 1564-FN

AN ACT relative to escheat proceedings.

SPONSORS: Rep. Danielson, Hills 7

COMMITTEE: Executive Departments and Administration

ANALYSIS

This bill requires the administrator to establish an owner outreach and reunification unit within the abandoned property division of the state treasury.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

14-2185

06/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fourteen

AN ACT relative to escheat proceedings.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Paragraph; Notice and Publication of Lists of Abandoned Property. Amend RSA 471-C:20 by inserting after paragraph VII the following new paragraph:

VIII. The administrator shall establish an owner outreach and reunification unit within the abandoned property division.

2 Effective Date. This act shall take effect 60 days after its passage.

LBAO

14-2185

Revised 12/12/13

HB 1564-FN - FISCAL NOTE

AN ACT relative to escheat proceedings.

FISCAL IMPACT:

METHODOLOGY:

 

FY 2016

FY 2017

FY 2018

Position-Related Expenditures:

     

Salary (LG 20, with Annual Steps)

$36,836

$38,435

$39,995

Benefits

$25,810

$27,329

$28,918

Equipment

$3,350

$0

$0

Current Expenses

$1,400

$1,400

$1,400

       

Other Expenditures:

     

Overtime

$12,000

$12,000

$12,000

Travel

$11,000

$11,000

$11,000

Hardware for Remote Outreach Efforts

$2,000

$0

$0

Trade Show Display Booth, Promotional Items, Etc

$4,500

$1,000

$1,000

Total Cost

$96,896

$91,164

$94,312