All Roll Calls
Yes: 0 • No: 0
ConnecticutSB 004882026 Regular SessionSenateWALLET
AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAIMED PROPERTY PROGRAM AND SECOND INJURY FUND.
Sponsored By: Government Administration and Elections Committee
Signed by Governor
Summary
To make various revisions to the unclaimed property program and Second Injury Fund recommended by the Treasurer.
government administration and elections
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Bill Overview
Analyzed Economic Effects
8 provisions identified: 6 benefits, 1 costs, 1 mixed.
Direct payments for qualifying property owners
Beginning July 1, 2026, Connecticut's Treasurer must pay qualifying claims for property worth at least $50 but less than $2,500. The person must be the sole owner, and the Treasurer must be satisfied about their current address. Claims outside this payment rule may qualify under separate unclaimed-property rules.
Annual checks for old funeral funds
Beginning July 1, 2026, holders of funeral contract property must obtain lists from funeral establishments by March 1 each year. A contract belongs on the list if it is at least 75 years old. It also belongs if the establishment has confirmed notice of the beneficiary's death or the beneficiary has reached age 110. These lists help identify property that may be due to owners or beneficiaries.
Life insurance proceeds enter property searches
Beginning July 1, 2026, automatic premium loans cannot block life insurance proceeds from Connecticut's unclaimed-property process. The same applies to other policy terms that preserve coverage or value after missed premiums. This applies when the insured dies, or someone becomes entitled to proceeds, before the policy's cash value runs out.
More privacy for unclaimed property owners
Beginning July 1, 2026, owners' personal information in the Treasurer's records is exempt from public-records disclosure. This covers information from holder reports and records outside the published searchable list. Protected details include identifying numbers, home addresses, contact information, account numbers, and abandoned-property values. Officials can still share information to run the unclaimed-property program, with appropriate privacy protections.
Owner activity counts before property transfers
Beginning July 1, 2026, account access, presenting dividend or interest payments, and certain related-account activity can show continued ownership interest. Oral contact counts when recorded at the time and preserved; other outside communications generally need records showing the owner's knowledge. An owner's representative can act, but the property holder cannot count as that representative. Holders can request early transfer of likely abandoned property with an authorized officer's sworn statement describing notice efforts. It must confirm notice at least six months earlier and no owner contact showing interest; the Treasurer must agree in writing.
Repair sale leftovers go to owners' claims
Beginning July 1, 2026, dealers must send leftover money from covered repair sales to Connecticut's Treasurer within 10 days. This means money remaining after sale expenses and the debt are paid. Dealers must also file an unclaimed-property report, allowing owners to seek the remaining money through that process. The required repair-sale notice also satisfies the related unclaimed-property notice rule.
Tighter deadlines for injury fund claims
Beginning July 1, 2026, Connecticut's Second Injury Fund is generally exempt from claims brought on behalf of insolvent insurers. Claims filed within 30 days after the insurer's bankruptcy determination are excepted from that exemption. Employers and insurers must seek reimbursement for retroactive benefits within two years after paying them. A reimbursement claim cannot cover more than three years of benefits. These reimbursement limits do not create a new household payment duty.
Treasurer chooses between military medal claimants
Beginning July 1, 2026, the Treasurer can choose who receives a state-held military medal when several people may claim it. Before choosing, the Treasurer must make a reasonable effort to identify and contact all known potential rightful owners. The process allows one claimant to receive the medal while competing claimants do not.
Sponsors & Cosponsors
Sponsor
Government Administration and Elections Committee
Affiliation unavailable
Cosponsors
Patricia Billie Miller
Democratic • Senate
Tom Delnicki
Republican • House
Roll Call Votes
Senate vote • 3/23/2026
Senate Roll Call Vote 239
Yes: 0 • No: 0
Senate vote • 3/23/2026
GAE Vote Tally Sheet-A (Change the dollar amount in line 410 from $50 to $10)
Yes: 0 • No: 0
Senate vote • 3/23/2026
GAE Vote Tally Sheet (Joint Favorable Substitute)
Yes: 0 • No: 0
House vote • 3/23/2026
House Roll Call Vote 256 AS AMENDED
Yes: 0 • No: 0
Senate vote • 3/23/2026
Senate Roll Call Vote 241
Yes: 0 • No: 0
Senate vote • 3/23/2026
Senate Roll Call Vote 240
Yes: 0 • No: 0
Actions Timeline
Signed by the Governor
6/4/2026legislatureTransmitted by Secretary of the State to Governor
5/26/2026legislatureTransmitted to the Secretary of State
5/26/2026legislaturePublic Act 26-94
5/19/2026legislatureIn Concurrence
5/5/2026legislatureHouse Passed as Amended by Senate Amendment Schedule A
5/5/2026HouseHouse Adopted Senate Amendment Schedule A
5/5/2026HouseHouse Calendar Number 567
5/4/2026HouseFavorable Report, Tabled for the Calendar, House
5/4/2026HouseTransmitted Pursuant To Joint Rule 17
5/4/2026legislatureSenate Passed as Amended by Senate Amendment Schedule A
5/4/2026SenateSenate Rejected Senate Amendment Schedule B 5856
5/4/2026SenateSenate Adopted Senate Amendment Schedule A 5429
5/4/2026SenateFile Number 580
4/9/2026legislatureSenate Calendar Number 346
4/9/2026SenateFavorable Report, Tabled for the Calendar, Senate
4/9/2026SenateReported Out of Legislative Commissioners' Office
4/9/2026legislatureReferred to Office of Legislative Research and Office of Fiscal Analysis 04/08/26 5:00 PM
4/2/2026legislatureFiled with Legislative Commissioners' Office
3/23/2026legislatureJoint Favorable Substitute
3/23/2026legislaturePublic Hearing 03/18
3/13/2026legislatureReferred to Joint Committee on Government Administration and Elections
3/12/2026legislature
Bill Text
Public Act No. 26-94
5/4/2026
File No. 580
4/9/2026
GAE Joint Favorable Substitute
3/23/2026
Raised Bill
3/12/2026
Bill Analysis For File Copy 580
Bill Analysis for SB-488, as amended by Senate "A"
Fiscal Note For File Copy 580
Fiscal Note for Amendment LCO 5284 (No Fiscal Impact)
Fiscal Note for Amendment LCO 5429 (No Fiscal Impact)
Fiscal Note for Amendment LCO 5856 (See Fiscal Note Details)
Fiscal Note for SB-488, As Amended by Senate "A" (LCO 5429)
GAE Joint Fav. Rpt
GAE Vote Tally Sheet (Joint Favorable Substitute)
GAE Vote Tally Sheet-A (Change the dollar amount in line 410 from $50 to $10)
House Roll Call Vote 256 AS AMENDED
Senate LCO Amendment #5284 (D)
Senate Roll Call Vote 239
Senate Roll Call Vote 240
Senate Roll Call Vote 241
Senate Schedule A LCO# 5429 (D)
Senate Schedule B LCO# 5856 (R)
Summary for Public Act No. 26-94
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