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KY HB456

KY HB456
AN ACT relating to the State Treasurer and unclaimed property.


summary

Introduced
01/21/2026
In Committee
03/20/2026
Crossed Over
02/19/2026
Passed
03/31/2026
Dead

Introduced Session

Potential new amendment
2026 Regular Session

Bill Summary

Create a new section of KRS Chapter 2 establishing the fourth week of September of each year to be Unclaimed Property Week; amend KRS 41.020 to remove Treasurer's requirement to maintain his or her residency at the seat of government; amend KRS 393A.020 to remove mineral proceeds from the KRS list of property to which the chapter does not apply; amend KRS 393A.740 to include deficient reports as punishable by civil penalty.

AI Summary

This bill establishes the fourth week of September as Unclaimed Property Week, aims to allow the State Treasurer to reside anywhere in the state rather than specifically at the seat of government, removes mineral proceeds from the list of properties exempt from unclaimed property laws, and clarifies that civil penalties can be imposed for deficient reports, meaning reports that do not include all required information.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

delivered to Governor (on 03/31/2026)

bill text


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