2017-2018 Bill 1090: Unclaimed Property Day - South ...



South Carolina General Assembly122nd Session, 2017-2018S. 1090STATUS INFORMATIONSenate ResolutionSponsors: Senator ShealyDocument Path: l:\s-res\ks\065uncl.kmm.ks.docxIntroduced in the Senate on March 6, 2018Adopted by the Senate on March 20, 2018Summary: Unclaimed Property DayHISTORY OF LEGISLATIVE ACTIONSDateBodyAction Description with journal page number3/6/2018SenateIntroduced (Senate Journalpage?14)3/6/2018SenateReferred to Committee on Invitations (Senate Journalpage?14)3/15/2018SenatePolled out of committee Invitations (Senate Journalpage?11)3/15/2018SenateCommittee report: Favorable Invitations (Senate Journalpage?11)3/16/2018Scrivener's error corrected3/20/2018SenateAdopted (Senate Journalpage?53)View the latest legislative information at the websiteVERSIONS OF THIS BILL3/6/20183/15/20183/16/2018POLLED OUT OF COMMITTEEMAJORITY FAVORABLEMarch 15, 2018S.?1090Introduced by Senator ShealyS. Printed 3/15/18--S.[SEC 3/16/18 2:42 PM]Read the first time March 6, 2018.????????????THE COMMITTEE ON INVITATIONSTo whom was referred a Senate Resolution (S.?1090) to recognize Thursday, April 19, 2018, as “Unclaimed Property Day” in South Carolina and to urge all citizens to utilize the Office of the State Treasurer’s database to search , etc., respectfullyREPORT:Has polled the Senate Resolution out majority favorable.A SENATE RESOLUTIONTO RECOGNIZE THURSDAY, APRIL 19, 2018, AS “UNCLAIMED PROPERTY DAY” IN SOUTH CAROLINA AND TO URGE ALL CITIZENS TO UTILIZE THE OFFICE OF THE STATE TREASURER’S DATABASE TO SEARCH FOR UNCLAIMED PROPERTY FOR THEMSELVES, THEIR FRIENDS AND FAMILY, AND THEIR BUSINESSES.Whereas, the principle that the government may hold unclaimed property for its citizens is based in English common law; andWhereas, the South Carolina Office of the State Treasurer serves as the custodian for currently more than $550 million in unclaimed funds belonging to citizens and businesses across South Carolina; andWhereas, the Office of the State Treasurer’s Unclaimed Property Program safeguards unclaimed wages, checks, credit balances, bank accounts, utility deposits, insurance proceeds, money orders, traveler’s checks, and stocks and dividends; andWhereas, rightful owners of unclaimed property, or their heirs, always have the right to claim property that is held in custody by the Office of the State Treasurer; andWhereas, the holding and returning of unclaimed property to the citizens and businesses of South Carolina is an important function of state government. Now, therefore,Be it resolved by the Senate:That the members of the South Carolina Senate, by this resolution, recognize Thursday, April 19, 2018, as “Unclaimed Property Day” in South Carolina and urge all citizens to utilize the Office of the State Treasurer’s database to search for unclaimed property for themselves, their friends and family, and their businesses.Be it further resolved that a copy of this resolution be presented to Curtis M. Loftis, Jr., Treasurer of South Carolina.XX ................
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