Legislation - SB0510

Title: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Sponsored by: Senators Hershey and Mautz
Status: In the House - First Reading Economic Matters
Analysis: Fiscal and Policy Note

Synopsis

Providing that certain unclaimed money held by an electric cooperative and due to a past member is not considered abandoned property; and authorizing an electric cooperative to use this money only to assist members of the cooperative or donate to nonprofit, charitable organizations.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Cross-filed with: HB0487

Introduced in a prior session as: SB0956 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/24/2024 Legislative Date 1/24/2024 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits Proceedings
Chamber Senate Calendar Date 1/31/2024 Legislative Date 1/31/2024 Action Hearing 2/15 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/04/2024 Legislative Date 3/04/2024 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/05/2024 Legislative Date 2/22/2024 Action Favorable Adopted Proceedings 38 Click to view Recorded Media
Chamber Senate Calendar Date 3/05/2024 Legislative Date 2/22/2024 Action Second Reading Passed Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits Proceedings
Chamber Senate Calendar Date 3/07/2024 Legislative Date 2/24/2024 Action Third Reading Passed (46-0) Proceedings 40 Click to view Recorded Media
Chamber House Calendar Date 3/08/2024 Legislative Date 2/29/2024 Action Referred Economic Matters Proceedings 39 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/24/2024	1/24/2024	First Reading Judicial Proceedings
			Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Senate	1/31/2024	1/31/2024	Hearing 2/15 at 1:00 p.m.
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/04/2024	3/04/2024	Favorable Report by Judicial Proceedings
Senate	3/05/2024	2/22/2024	Favorable Adopted	38 Click to view Recorded Media
Senate	3/05/2024	2/22/2024	Second Reading Passed	38 Click to view Recorded Media
			Text - Third - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Senate	3/07/2024	2/24/2024	Third Reading Passed (46-0)	40 Click to view Recorded Media
House	3/08/2024	2/29/2024	Referred Economic Matters	39 Click to view Recorded Media

File Code

Subjects

Statutes