Relevant 2019 Legislation

Below are a couple bills that are currently in the Legislature and interact with the Department of the Treasury.


 

HB19-088: Colorado’s Revised Uniform Unclaimed Property Act (RUUPA) -

 

RUUPA was drafted by the Uniform Law Commission, and is the latest revision to the Uniform Unclaimed Property Act. Currently, Colorado uses a version of the 1981 Uniform Act. The current Act was written before people began using email and gift cards. RUUPA updates Colorado’s law as it addresses technological changes and new forms of property and establishes rules to govern gift cards, life insurance death benefits, securities, tax deferred investments and gifts to minor accounts. RUUPA expands remedies for businesses undergoing an audit and establishes clear rules for the protection and use of confidential information.

 

SB19-173: Colorado Secure Savings Plan Board - 

The bill establishes the Colorado secure savings plan board (board) to study the feasibility of creating the Colorado secure savings plan and other appropriate approaches to increase the amount of retirement savings by Colorado's private sector workers. The board consists of the state treasurer or the treasurer's designee and 8 additional trustees with certain experience who are appointed by the governor.