| Notice Filed with SOS |
05/28/2021 |
| Rule |
ProposedRuleAttach2021-00337.docx |
| Additional Information |
AddInfoAttach2021-00337.docx |
| Statutory Authority |
This regulation is adopted pursuant to the authority in section 38-13-131 38-13-104, C.R.S. and is intended to be consistent with the requirements of the State Administrative Procedures Act, section 24-4-101 et seq. (the “APA”), C.R.S. and the Unclaimed Property Act of 1987, as amended (the “Act”), Title 38, Article 13 Revised Uniform Unclaimed Property Act, sections 38-13-101 et seq. (the “Act”), C.R.S. |
| Description of Subjects/Issues |
The new rules for the Unclaimed Property Division. |
| Purpose/Objective of Rule |
It is the intent of the Colorado State Treasurer to enforce the unclaimed property statutes so that property presumed abandoned under those statutes is reported to and collected by the State of Colorado and returned to its rightful owner through an efficient advertising and claims processing program. Transferring the unclaimed property and related information to the Colorado State Treasurer allows the property and information to be compiled in a single location for the convenience of the absent owner and makes it possible for the Colorado State Treasurer to better protect the interests of missing owners. The State of Colorado indemnifies the holder against claims by individuals or other states once the holder reports and delivers unclaimed property to the Colorado State Treasurer in accordance with the Revised Uniform Unclaimed Property Act. This law shall also be observed by the Colorado State Treasurer when reporting and delivering property belonging to other states. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
Yes
|
| Recent legislation bill number |
SB19-088
|
| Hearing Date |
07/08/2021 |
| Hearing Time |
09:00 AM |
| Hearing Location |
Join Zoom Meeting https://zoom.us/j/99477006533?pwd=ZHp2Y3FyaUxnRUd4dnBjZ1hmQjB0UT09 Meeting ID: 994 7700 6533 Passcode: sZ4s8S |
| Contact Name |
Great Colorado Payback |
| Contact Title |
Unclaimed Property |
| Contact Telephone |
303-866-6070 |
| Contact email |
greatcopayback@state.co.us |