The Vermont Statutes Online

Title 27 : Property

Chapter 018 : Unclaimed Property

Subchapter 010 : VERIFIED REPORT OF PROPERTY; EXAMINATION OF RECORDS

• § 1571. Report by Administrator to General Assembly

  Not later than January 15 of each year, the Administrator shall compile and submit a report to the General Assembly. The report must contain the following information about property presumed abandoned for the preceding fiscal year for the State:

  (1) the total amount and value of all property paid or delivered under this chapter to the Administrator, separated into:

  (A) the part voluntarily paid or delivered; and

  (B) the part paid or delivered as a result of an examination under section 1002 of this title, separated into the part recovered as a result of an examination conducted by:

  (i) a State employee; and

  (ii) a contractor under section 1569 of this title;

  (2) the name of and amount paid to each contractor under section 1569 of this title and the percentage the total compensation paid to all contractors under section 1569 of this title bears to the total amount paid or delivered to the Administrator as a result of all examinations performed under section 1569 of this title;

  (3) the total amount and value of all property paid or delivered by the Administrator to persons that made claims for property held by the Administrator under this chapter and the percentage the total payments made and value of property delivered to claimants bears to the total amounts paid and value delivered to the Administrator; and

  (4) the total amount of claims made by persons claiming to be owners that:

  (A) were denied;

  (B) were allowed; and

  (C) are pending. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)