House Sponsors: BUGIELSKI-CAPPARELLI. Senate Sponsors: WALSH,T-REA Short description: UNCLAIMD PROPERTY-MONEY ORDERS Synopsis of Bill as introduced: Amends the Uniform Disposition of Unclaimed Property Act in provisions regarding the presumption of abandonment of property held or owing by a banking or financial organization to provide that a presumption of abandonment does not apply to charges that may be lawfully withheld in connection with money orders issued by currency exchanges. Effective immediately. HOUSE AMENDMENT NO. 1. (Tabled March 18, 1999) Provides that the exclusion for charges that may be lawfully withheld applies to written instruments including certificates of deposit, drafts, money orders, and travelers checks (instead of only money orders issued by currency exchanges). FISCAL NOTE, H-AM 1 (Department of Financial Institutions) Loss of revenue would be a percentage of the total dollar amount reported for the specified property codes. Last action on Bill: PUBLIC ACT.............................. 91-0316 Last action date: 99-07-29 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status