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 Back | 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: | 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.
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| Current Status: | Signed On 01/30/2013 |
| Volume Chapter | 79:02 | | |
| Date Governor acted: | 01/30/2013 | | |
Full text of Legislation:
(in HTML format) | Legis.html | Email this Bill to a friend | |
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---->
Senate Committee report 01/23/13 F=0 M=4 U=0-----> |
| Voting Reports: |
House vote: () Passed 1/17/2013 5:02:41 PM------->
Senate vote: () Passed 1/24/2013 4:54:24 PM-------> |
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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