HOUSE BILL 471
Law
Unclaimed property
REVISED UNCLAIMED PROPERTY ACT – Repeals and adds to existing law to enact the Revised Unclaimed Property Act.
RS31032 / H0471
Idaho’s unclaimed property law, Title 14, Chapter 5, has not undergone a complete update since 1983. Since then, changes to policy have been piecemeal and sporadic.
This legislation seeks to revise and organize the unclaimed property code so it will be business and constituent-friendly, technologically current, and garners no new authority for the governing agency.
This legislation provides detailed roadmaps for businesses to follow when reporting unclaimed property and clear protocols for dormancy triggers. The updates are consistent with existing Idaho law which include laws governing confidentiality, data breaches and best practices.
The adoption of this revision will have no fiscal impact.
| Date | Description |
|---|---|
| 02/02 | Introduced, read first time, referred to JRA for Printing |
| 02/05 | Reported Printed and Referred to State Affairs |
| 02/09 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 02/12 | Read second time; Filed for Third Reading |
| 02/13 | Read Third Time in Full – PASSED - 67-0-3 AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill(Brown), Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nash(Stinson), Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker NAYS – None Absent – Berch, Ehardt, Roberts Floor Sponsor - Alfieri Title apvd - to Senate |
| 02/14 | Received from the House passed; filed for first reading |
| 02/14 | Introduced, read first time; referred to: State Affairs |
| 02/21 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 02/22 | Read second time; filed for Third Reading |
| 03/05 | Retained on calendar |
| 03/06 | Read third time in full – PASSED - 34-0-1 AYES – Anthon, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld NAYS – None Absent and excused – Adams Floor Sponsor - Lenney Title apvd - to House |
| 03/07 | Returned from Senate Passed; to JRA for Enrolling |
| 03/07 | Reported Enrolled; Signed by Speaker; Transmitted to Senate |
| 03/08 | Received from the House enrolled/signed by Speaker |
| 03/08 | Signed by President; returned to House |
| 03/11 | Returned Signed by the President; Ordered Transmitted to Governor |
| 03/11 | Delivered to Governor at 10:33 a.m. on March 11, 2024 |
| 03/12 | Reported Signed by Governor on March 11, 2024 Session Law Chapter 27 Effective: 07/01/2024 |