Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasury seeks new authority for real and digital unclaimed property in SB 146A
Summary
Salem — Oregon State Treasury officials told the House Committee on Revenue Wednesday that Senate Bill 146A would modernize the state’s unclaimed property and issued-estates statutes to address real estate and digital assets that come into state custody.
Salem — Oregon State Treasury officials told the House Committee on Revenue Wednesday that Senate Bill 146A would modernize the state’s unclaimed property and issued-estates statutes to address real estate and digital assets that come into state custody.
Jessica Howell, director of government affairs for Oregon State Treasury, said the trust property program transferred to Treasury in 2021 and that the agency has seen rapid growth: ‘‘The program has brought in a total of $441,000,000 in unclaimed property since its moved to treasury. Last year alone we received more than $210,000,000.’’ Howell also said Treasury has returned $186,000,000 to owners since taking over the program and doubled…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
