DCBA812E86E274EE872583C2005EE571 Hearing Summary

Representative Tipper introduced Senate Bill 19-088. The bill repeals and reenacts the Unclaimed Property Act with modified standards and procedures related to the handling, reporting, sale, disposition, and claims made for unclaimed property held by the state.

Representative Tipper responded to questions from the committee.

James Hall, American Council of Life Insurers, testified in opposition to the bill.

Bianca Gardelli, Unclaimed Property Director, Department of the Treasury, testified in support of the bill.

Peter Gunn, Department of the Treasury, testified in support of the bill.

Ms. Gardelli responded to questions from the committee.

Claire Levy, Uniform Law Commission, testified in support of the bill.

Garth Farrend, Department of the Treasury, testified in support of the bill.

John Olson, Department of the Treasury, testified in support of the bill.

Ms. Levy responded to questions from the committee.

Barbara Walker, Independent Bankers of Colorado, testified on the bill from a neutral position.

Representative Tipper and the committee discussed amendment L.023 (Attachment A).