Sec. L-1. 33 MRSA §1953, sub-§1, ¶C, as enacted by PL 1997, c. 508, Pt. A, §2 and affected by §3, is amended to read:
C. Stock or other equity interest in a business association or financial organization, including a security entitlement under Title 11, Article 8, except for property described in paragraph Q, 5 years after the earlier of:
(1) The date of the most recent dividend, stock split or other distribution unclaimed by the apparent owner; or
(2) The date of the 2nd mailing of a statement of account or other notification or communication that was returned as undeliverable or after the holder discontinued mailings, notifications or communications to the apparent owner;
Sec. L-2. 33 MRSA §1953, sub-§1, ¶O, as amended by PL 1999, c. 284, §2, is further amended to read:
O. All other property, 5 years after the owner's right to demand the property or after the obligation to pay or distribute the property arises, whichever first occurs; and
Sec. L-3. 33 MRSA §1953, sub-§1, ¶P, as enacted by PL 1999, c. 284, §3, is amended to read:
P. Notwithstanding paragraph E, property contained in a prearranged funeral or burial plan described in Title 32, section 1401, including deposits containing funds from such a plan, 3 years after the death of the person on whose behalf funds were paid into the plan.; and
Sec. L-4. 33 MRSA §1953, sub-§1, ¶Q is enacted to read:
Q. Property distributable in the course of a demutualization or related reorganization of an insurance company, 2 years after the earlier of:
(1) The date of the distribution of the property; or
(2) The date of last contact with a policyholder.
Sec. L-5. 36 MRSA §112, sub-§9, as enacted by PL 1997, c. 526, §7, is amended to read:
9. Services provided to another agency of State. The assessor may undertake, by arrangement with another agency of the State, to provide or assist with revenue collection services for that agency after consultation with the joint standing committee of the Legislature having jurisdiction over state and local government matters.
Sec. L-6. 36 MRSA §191, sub-§2, ¶X, as amended by PL 2001, c. 293, §6, is further amended to read:
X. The disclosure to the Department of Human Services of information relating to the administration of the elderly low-cost drug program and the Healthy Maine Prescription Program established under Title 22, section 258; and
Sec. L-7. 36 MRSA §191, sub-§2, ¶Y, as enacted by PL 1999, c. 708, §16, is amended to read:
Y. The disclosure by the State Tax Assessor, upon request in writing of any individual against whom an assessment has been made pursuant to section 177, subsection 1, of the following information:
(1) Information regarding the underlying tax liability to the extent necessary to apprise the individual of the basis of the assessment;
(2) The name of any other individual against whom an assessment has been made for the same underlying tax debt; and
(3) The general nature of any steps taken by the assessor to collect the underlying tax debt from any other individuals and the amount collected.; and
Sec. L-8. 36 MRSA §191, sub-§2, ¶Z is enacted to read:
Z. The disclosure to the Treasurer of State when necessary for the performance of the Treasurer of State's official duties as administrator under Title 33, chapter 41 of the following information:
(1) The current mailing address for a taxpayer for purposes of returning unclaimed or abandoned property to the rightful owner or heir; and
(2) The names and mailing addresses of all Maine corporate income tax filers in an electronic medium prescribed by the State Tax Assessor.
Sec. L-9. Transfer. Notwithstanding Public Law 2001, chapter 358, Part W or any other provision of law, the Treasurer of State shall transfer $1,000,000 from the Abandoned Property Fund to the unappropriated surplus of the General Fund no later than June 1, 2002 and $1,000,000 from the Abandoned Property Fund to the unappropriated surplus of the General Fund no later than June 1, 2003.
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