Disposition of unclaimed property; intangible property held by locality. (HB366)

Introduced By

Del. Glenn Davis (R-Virginia Beach) with support from co-patron Sen. Frank Wagner (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Disposition of unclaimed property held by locality. Limits the duty of a county, city, or town to report and remit abandoned intangible property by providing that intangible property that is held by a locality for the owner and that has remained unclaimed by the owner for more than one year after it became payable is presumed abandoned only if its value exceeds $25. Amends § 55-210.9, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/05/2016Prefiled and ordered printed; offered 01/13/16 16102440D
01/05/2016Referred to Committee on General Laws
01/13/2016Impact statement from DHCD (HB366)
01/18/2016Assigned to sub: Subcommittee #1
01/18/2016Assigned GL sub: Subcommittee #1
01/20/2016Impact statement from DPB (HB366)
02/09/2016Subcommittee recommends striking from docket
02/11/2016Stricken from docket by General Laws