Bills › 90th General Assembly
Relating to the disposition of unclaimed property held by banking or financial organizations, and gift certificates known as chamber bucks, and including retroactive applicability provisions
Topics:Business & economy
Same legislation: SF 2169
Where it is now
- Done: IntroducedJanuary 11, 2024
- Done: SubcommitteeJanuary 18, 2024
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to the disposition of unclaimed property held in banking or financial organizations, and gift certificates known as chamber bucks. The bill defines “chamber buck” to mean a gift certificate offered for purchase through a local chamber of commerce as part of a chamber buck program that can be redeemed at a participating local business within the area where the chamber of commerce is located. “Chamber buck program” is defined as a program created and administered by a local chamber of commerce that offers chamber bucks for purchase.
Read the full explanation
The bill provides that property deposited with a banking or financial organization by a person as part of the administration of a chamber buck program shall not be subject to the presumption of abandonment.9(2). The bill applies retroactively to July 1, 2014, for all chamber bucks purchased or sold in, and to all chamber buck programs administered in, the state of Iowa.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named January 18, 2024. On January 29, 2024 it recommended passage. Vote Total: 2-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
4 for · 0 against · 11 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
90th General Assembly
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.