California Legislature—2013–14 Regular Session

Assembly BillNo. 934


Introduced by Assembly Member Cooley

February 22, 2013


An act to amend Section 50050 of the Government Code, relating to local government.

LEGISLATIVE COUNSEL’S DIGEST

AB 934, as introduced, Cooley. Local agencies: unclaimed money.

Existing law requires local agencies, as defined, to retain money that remains unclaimed and that is not the property of the local agency in its treasury or in the official custody of its officers for a period of 3 years, after which time, if the money has not been claimed, it reverts to the local agency, as specified.

This bill would make a technical, nonsubstantive change to this provision.

Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.

The people of the State of California do enact as follows:

P1    1

SECTION 1.  

Section 50050 of the Government Code is
2amended to read:

3

50050.  

For purposes of this article, “local agency” includes all
4districts. Except as otherwise provided by law, money, excluding
5restitution to victims, that is not the property of a local agency that
6remains unclaimed in its treasury or in the official custody of its
7officers for three years is the property of the local agency after
8notice if not claimed or if no verified complaint is filed and served.
P2    1At any time after the expiration of the three-year period, the
2treasurer of the local agency may cause a notice to be published
3once a week for two successive weeks in a newspaper of general
4circulation published in the local agency. Money representing
5restitution collected on behalf of victims shallbegin delete be eitherend deletebegin insert either beend insert
6 deposited into the Restitution Fund or used by the local agency
7for purposes of victim services after the expiration of the three-year
8period. However, with respect to moneys deposited with the county
9treasurer pursuant to Section 7663 of the Probate Code, this
10three-year period to claim money held by a local agency is extended
11for an infant or person of unsound mind until one year from the
12date his or her disability ceases.

13For purposes of this section, “infant” and “person of unsound
14mind” have the same meaning as given to those terms as used in
15Section 1441 of the Code of Civil Procedure.



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