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Bills · 2011-2012 Regular Session

AB 419

Died at session end Official bill text Atom feed

interest due on property determined to be abandoned and due to be paid or delivered to the state treasurer.

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, a person who holds property that has been determined to

be abandoned by the owner of the property must pay or deliver that property to the

state treasurer (treasurer). If the person who holds the property fails to pay or

deliver the property within the time required by law, the person must pay interest

on the property or the value of the property at the annual rate of 18 percent from the

date the property should have been paid or delivered. Under this bill, the treasurer

may only require a person to pay interest on the property if the person has willfully

neglected to pay or deliver the property in a timely manner. The bill also changes

the interest rate from 18 percent to 12 percent.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Kramer (R)

1 cosponsors

Grothman (R)

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by committee on Homeland Security and State Affairs, Ayes 8, Noes 0

Passed 8–0 Feb 13, 2012 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Read a third time and passed, Ayes 94, Noes 0

Passed 94–0 Feb 21, 2012 official source full page

Aye · 94

Full history

  1. Dec 7, 2011 · Assembly

    Introduced by Representative Kramer;Cosponsored by Senator Grothman

  2. Dec 7, 2011 · Assembly

    Read first time and referred to committee on Homeland Security and State Affairs

  3. Dec 7, 2011 · Assembly

    Assembly amendment 1 offered by Representative Kramer

  4. Jan 18, 2012 · Assembly

    Public hearing held

  5. Feb 8, 2012 · Assembly

    Executive action taken

  6. Feb 13, 2012 · Assembly

    Report Assembly Amendment 1 adoption recommended by committee on Homeland Security and State Affairs, Ayes 8, Noes 0

  7. Feb 13, 2012 · Assembly

    Report passage as amended recommended by committee on Homeland Security and State Affairs, Ayes 8, Noes 0

  8. Feb 13, 2012 · Assembly

    Referred to committee on Rules

  9. Feb 14, 2012 · Assembly

    Fiscal estimate received

  10. Feb 16, 2012 · Assembly

    Placed on calendar 2-21-2012 by committee on Rules

  11. Feb 21, 2012 · Assembly

    Read a second time

  12. Feb 21, 2012 · Assembly

    Assembly amendment 1 adopted

  13. Feb 21, 2012 · Assembly

    Ordered to a third reading

  14. Feb 21, 2012 · Assembly

    Rules suspended

  15. Feb 21, 2012 · Assembly

    Read a third time and passed, Ayes 94, Noes 0

  16. Feb 21, 2012 · Assembly

    Ordered immediately messaged

  17. Feb 22, 2012 · Senate

    Received from Assembly

  18. Feb 22, 2012 · Senate

    Read first time and referred to committee on Judiciary, Utilities, Commerce, and Government Operations

  19. Mar 23, 2012 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1