(1) Unclaimed deposits shall be paid by the electric and gas utilities into the fund designated by the commission pursuant to section 40-8.5-104.
(2) A municipally owned utility:
(a) May elect to pay unclaimed deposits into either the fund designated by the commission pursuant to section 40-8.5-104 or into a fund designated by the governing body of the municipally owned utility to accomplish the goals set forth in this article 8.5; and
(b) Shall define unclaimed deposits in a manner consistent with the definition of "unclaimed moneys" set forth in section 40-8.5-103 (5).
Source: L. 90: Entire article added, p. 1760, § 1, effective May 31. L. 93: Entire section amended, p. 2072, § 33, effective July 1. L. 2025: Entire section amended, (SB 25-068), ch. 55, p. 234, § 3, effective August 6.