PRINTER'S NO. 3213
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2005
Session of
2015
INTRODUCED BY MURT, PICKETT, CALTAGIRONE, DRISCOLL, ROZZI,
THOMAS AND YOUNGBLOOD, APRIL 19, 2016
REFERRED TO COMMITTEE ON FINANCE, APRIL 19, 2016
AN ACT
Amending the act of April 9, 1929 (P.L.343, No.176), entitled,
as amended, "An act relating to the finances of the State
government; providing for the settlement, assessment,
collection, and lien of taxes, bonus, and all other accounts
due the Commonwealth, the collection and recovery of fees and
other money or property due or belonging to the Commonwealth,
or any agency thereof, including escheated property and the
proceeds of its sale, the custody and disbursement or other
disposition of funds and securities belonging to or in the
possession of the Commonwealth, and the settlement of claims
against the Commonwealth, the resettlement of accounts and
appeals to the courts, refunds of moneys erroneously paid to
the Commonwealth, auditing the accounts of the Commonwealth
and all agencies thereof, of all public officers collecting
moneys payable to the Commonwealth, or any agency thereof,
and all receipts of appropriations from the Commonwealth,
authorizing the Commonwealth to issue tax anticipation notes
to defray current expenses, implementing the provisions of
section 7(a) of Article VIII of the Constitution of
Pennsylvania authorizing and restricting the incurring of
certain debt and imposing penalties; affecting every
department, board, commission, and officer of the State
government, every political subdivision of the State, and
certain officers of such subdivisions, every person,
association, and corporation required to pay, assess, or
collect taxes, or to make returns or reports under the laws
imposing taxes for State purposes, or to pay license fees or
other moneys to the Commonwealth, or any agency thereof,
every State depository and every debtor or creditor of the
Commonwealth," in disposition of abandoned and unclaimed
property, further providing for property held by financial
institutions.
The General Assembly of the Commonwealth of Pennsylvania
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
hereby enacts as follows:
Section 1. Clause 1 of section 1301.3 of the act of April 9,
1929 (P.L.343, No.176), known as The Fiscal Code, amended July
10, 2014 (P.L.1053, No.126), is amended to read:
Section 1301.3. Property Held by Financial Institutions.--
The following property held or owing by a financial institution
is presumed abandoned and unclaimed:
1. Any demand, saving or matured time deposit in a financial
institution, or any funds paid toward the purchase of shares or
other interest in a savings association, savings and loan or
building and loan association, excluding any charges that may
lawfully be withheld, unless within the preceding [three (3)]
seven (7) years the owner has:
* * *
Section 2. This act shall take effect in 60 days.
20160HB2005PN3213 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15