Representative Bockenfeld introduced HB19-1018 concerning the elimination of a local government's authority to opt out of the Unclaimed Property Act. The bill requires a local government to comply with the act as any other holder of abandoned intangible property, effective September 1, 2019. Local governments that hold intangible property are required to pay or deliver the property to the administrator before January 1, 2020. A county's discretionary power to dispose of abandoned personal property acquired by an elected official or county employee only applies to tangible personal property and does not apply to intangible property which is subject to the act. He distributed amendment L.001 (Attachment D).