HB 456
AN ACT relating to the State Treasurer and unclaimed property.
In Plain Language
This bill creates an annual Unclaimed Property Week in the fourth week of September. It removes a requirement that the State Treasurer live at the seat of government. It makes mineral proceeds subject to unclaimed property laws. It also allows civil penalties for businesses that file incomplete reports about unclaimed property.
Official 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.
Sponsor
C. Freeland (Republican-6)
Cosponsors
1 listed
Latest action
signed by Governor (Acts Ch. 78)
Apr 10, 2026
Official source
Action history
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