Representative Bottoms questions use of unclaimed property tax trust fund money

The House Appropriations Committee of the Colorado State Legislature convened on August 22, 2025, to discuss the management of the unclaimed property tax trust fund. The meeting focused on the implications of utilizing these funds as an interest-free loan for a duration of 20 years.

The discussion was initiated by Representative Bottoms, who raised concerns about the potential consequences of holding funds that rightfully belong to individuals. She questioned the long-term viability of this approach, particularly regarding what would happen if the available funds decreased below the amount owed to the rightful owners. Bottoms emphasized the ethical implications of retaining these funds without providing interest, suggesting that it could be seen as holding the money "hostage."

In response, Representative Brown acknowledged Bottoms' concerns and expressed gratitude for her inquiry, indicating that the committee would need to consider the implications of their decisions carefully.

The meeting underscored the ongoing debate about the management of unclaimed property funds and the responsibilities of the state in ensuring that these funds are accessible to the individuals they belong to. As discussions continue, the committee will need to weigh the benefits of using these funds against the rights of the property owners. Further deliberations are expected in future meetings as the committee seeks to address these critical issues.