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147th General Assembly
House Bill # 2

Primary Sponsor: Schwartzkopf Additional Sponsor(s):    Rep. Longhurst & Sen. Blevins
CoSponsors: Reps. Briggs King, Dukes, Gray, Heffernan, Hudson, Jaques, J. Johnson, Q. Johnson, Keeley, Kenton, Miro, Outten, Peterman, Ramone, D. Short, Smyk, Spiegelman, Viola, Wilson; Sens. Cloutier, Ennis, Henry, Hocker, Lavelle, Lopez, Sokola
Introduced on : 01/10/2013
Long Title:AN ACT TO AMEND TITLE 12 OF THE DELAWARE CODE RELATING TO ABANDONED OR UNCLAIMED PROPERTY.
Synopsis of Orginal Bill:
(without Amendments)
This bill creates additional incentives for holders of abandoned property to report such property to the state and promptly resolve such claims. The bill expands the new voluntary self-disclosure program administered by the Secretary of State and enacted by the 146th General Assembly to further incentivize participation in the program.

Section 1 clarifies the existing duty of the State Escheator to protect confidential information by confirming that the existing duty covers the entirety of Chapter 11.

Section 2 amends 1177(b)(1) to provide holders that elect into a voluntary self-disclosure prior to June 30, 2013 up to one additional year to enter into an agreement and make payment or enter into a payment plan.

Section 3 amends 1177(d)(2) to clarify that a holder that has previously entered into a voluntary disclosure agreement prior to June 30, 2012 may enter into the new voluntary disclosure program with respect to any related party that was not included in an earlier voluntary self-disclosure or with respect to property types and/or periods that were not included in a prior voluntary self-disclosure agreement.
Current Status: Signed   On   01/30/2013
Volume Chapter79:02
Date Governor acted:01/30/2013
Full text of Legislation:
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Full text of Legislation:
(in MS Word format)
Legis.Docx   (Microsoft Word is required to view this document.)

Fiscal Notes/Fee Impact:Not Required
Committee Reports:
House Committee Report 01/16/13 F=1 M=4 U=0---->Committee Report
Senate Committee report 01/23/13 F=0 M=4 U=0----->Committee Report
Voting Reports:
House vote: () Passed 1/17/2013 5:02:41 PM------->Voting Record
Senate vote: () Passed 1/24/2013 4:54:24 PM------->Voting Record
Actions History:
Jan 30, 2013 - Signed by Governor
Jan 24, 2013 - Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jan 24, 2013 - Necessary rules are suspended in Senate
Jan 23, 2013 - Reported Out of Committee (EXECUTIVE) in Senate with 4 On Its Merits
Jan 22, 2013 - Assigned to Executive Committee in Senate
Jan 17, 2013 - Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jan 16, 2013 - Reported Out of Committee (HOUSE ADMINISTRATION) in House with 1 Favorable, 4 On Its Merits
Jan 10, 2013 - Introduced in House and assigned to House Administration Committee
Jan 10, 2013 - Assigned to House Administration Committee in House
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