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House debate over unclaimed‑property bill pits local control against targeted agricultural education funding
Summary
Lawmakers debated HB22, which would change how unclaimed intangible property of agricultural cooperatives is treated and allow boards to keep funds or direct them to education; an amendment to earmark a portion for agricultural education drew strong floor debate over local board discretion.
Representative Ashton Bradshaw introduced HB22 to treat agricultural cooperatives similarly to other rural co‑ops by allowing unclaimed intangible property to remain with cooperatives rather than automatically reverting to the state uniform school fund. Bradshaw said the bill moves unclaimed‑property language into the agricultural cooperative code so the co‑ops can retain unused funds and either use them for capital or for education programs.
On the floor, a member…
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