Text: HF02556 Text: HF02558 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2557 1 2 1 3 AN ACT 1 4 RELATING TO THE STATE'S DISPOSITION OF UNCLAIMED PROPERTY LAW 1 5 BY SETTING A LIMIT ON THE RETENTION OF ABANDONED PROPERTY 1 6 RECORDS AND REQUIRING THE FILING OF RULES SETTING REQUIRE- 1 7 MENTS AND CONDITIONS FOR HIRING INDEPENDENT AUDITORS. 1 8 1 9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 10 1 11 Section 1. Section 556.11, Code 1999, is amended by adding 1 12 the following new subsection: 1 13 NEW SUBSECTION. 8. a. A holder required to file a report 1 14 under this section shall maintain its records containing the 1 15 information required to be included in the report until the 1 16 holder files the report and for four years after the date of 1 17 filing, unless a shorter time is provided in paragraph "b" or 1 18 by rule of the treasurer of state. 1 19 b. A business association that sells, issues, or provides 1 20 to others for sale or issue in this state, travelers checks, 1 21 money orders, or similar written instruments other than third- 1 22 party bank checks, on which the business association is 1 23 directly liable, shall maintain a record of the instruments 1 24 while they remain outstanding, indicating the state and date 1 25 of issue, for four years after the date of filing. 1 26 Sec. 2. The treasurer of state shall give notice of 1 27 intended action, as required in section 17A.4, by December 31, 1 28 2000, to adopt rules providing for the conditions and 1 29 requirements for entering into a contract with an independent 1 30 auditor to conduct the examination allowed under section 1 31 556.23 on behalf of the treasurer. The proposed rules shall, 1 32 at a minimum, contain the procedures and conduct of the 1 33 independent auditor in making the examination, the method for 1 34 payment, the requirement for confidentiality, procedures for 1 35 appeals by the person whose records are examined, and conflict 2 1 of issue provisions. 2 2 2 3 2 4 2 5 BRENT SIEGRIST 2 6 Speaker of the House 2 7 2 8 2 9 2 10 MARY E. KRAMER 2 11 President of the Senate 2 12 2 13 I hereby certify that this bill originated in the House and 2 14 is known as House File 2557, Seventy-eighth General Assembly. 2 15 2 16 2 17 2 18 ELIZABETH ISAACSON 2 19 Chief Clerk of the House 2 20 Approved , 2000 2 21 2 22 2 23 2 24 THOMAS J. VILSACK 2 25 Governor
Text: HF02556 Text: HF02558 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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