Connecticut SB 460: AN ACT CONCERNING A STUDY OF WHETHER UNCLAIMED GIFT CERTIFICATES SHOULD BE CONSIDERED ABANDONED PROPERTY.

Bill Text

LCO 2785 1 of 2

General Assembly Raised Bill No. 460
February Session, 2026 LCO No. 2785

Referred to Committee on GOVERNMENT
ADMINISTRATION AND ELECTIONS

Introduced by:
(GAE)

AN ACT CONCERNING A STUDY OF WHETHER UNCLAIMED GIFT
CERTIFICATES SHOULD BE CONSIDERED ABANDONED
PROPERTY.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (Effective from passage) The Treasurer shall conduct a study 1
of the feasibility, potential benefits and disadvantages of having the 2
balance of unredeemed gift certificates escheat to the state as unclaimed 3
property under chapter 32 of the general statutes after a certain number 4
of years. Not later than January 1, 2027, the Treasurer shall submit a 5
report, in accordance with the provisions of section 11-4a of the general 6
statutes, to the joint standing committee of the General Assembly 7
having cognizance of matters relating to government administration. 8
Such report shall include the results of such study and any 9
recommendations for statutory changes. 10
This act shall take effect as follows and shall amend the following
sections:

Section 1 from passage New section

Raised Bill No. 460

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GAE Joint Favorable