BILL NUMBER: AB 934	INTRODUCED
	BILL TEXT


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:

  SECTION 1.  Section 50050 of the Government Code is amended to
read:
   50050.  For purposes of this article, "local agency" includes all
districts. Except as otherwise provided by law, money, excluding
restitution to victims, that is not the property of a local agency
that remains unclaimed in its treasury or in the official custody of
its officers for three years is the property of the local agency
after notice if not claimed or if no verified complaint is filed and
served. At any time after the expiration of the three-year period,
the treasurer of the local agency may cause a notice to be published
once a week for two successive weeks in a newspaper of general
circulation published in the local agency. Money representing
restitution collected on behalf of victims shall  be either
  either be  deposited into the Restitution Fund or
used by the local agency for purposes of victim services after the
expiration of the three-year period. However, with respect to moneys
deposited with the county treasurer pursuant to Section 7663 of the
Probate Code, this three-year period to claim money held by a local
agency is extended for an infant or person of unsound mind until one
year from the date his or her disability ceases.
   For purposes of this section, "infant" and "person of unsound mind"
have the same meaning as given to those terms as used in Section
1441 of the Code of Civil Procedure.