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TN SB0118

TN SB0118
AN ACT to amend Tennessee Code Annotated, Title 43; Title 44; Title 47; Title 48 and Title 66, relative to property.


summary

Introduced
01/13/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, allows the treasurer to file the annual report regarding the total amount and value of abandoned or unclaimed property with executive and legislative branch officials electronically. - Amends TCA Title 43; Title 44; Title 47; Title 48 and Title 66.

AI Summary

This bill amends Tennessee Code Annotated, Section 66-29-165, which relates to abandoned or unclaimed property reporting, by allowing the state treasurer to submit the annual report regarding the total amount and value of such property electronically to executive and legislative branch officials. Specifically, the bill adds a new provision that explicitly permits electronic submission of the report, which was previously not specified in the law. The bill is straightforward and takes effect immediately upon becoming law, with the stated purpose of serving the public welfare by providing a more modern and potentially more efficient method of submitting required governmental reports.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Passed on Second Consideration, refer to Senate Commerce and Labor Committee (on 01/15/2025)

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