2001 House Bill 5540 / 2002 Public Act 677

Introduced in the House

Dec. 21, 2001

Introduced by Rep. Clark Bisbee (R-64)

To exempt unclaimed payroll checks under $100 from the requirements of the unclaimed property act, which requires certain holders of abandoned property to file reports and turn over property to the state.

Referred to the Committee on Employee Relations, Training, and Safety

Feb. 27, 2002

Substitute offered

To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.

The substitute passed by voice vote

March 5, 2002

Passed in the House 58 to 44 (details)

Received in the Senate

March 5, 2002

To exempt unclaimed payroll checks under $100 from the requirements of the unclaimed property act, which requires certain holders of abandoned property to file reports and turn over property to the state.

Dec. 10, 2002

Substitute offered

To replace the previous version of the bill with one that changes the threshhold amount for triggering escheat from $100 in the House-passed bill to $50.

The substitute passed by voice vote

Dec. 11, 2002

Passed in the Senate 22 to 12 (details)

To exempt unclaimed payroll checks under $50 from the requirements of the unclaimed property act, which requires certain holders of abandoned property to file reports and turn over property to the state.

Received in the House

Dec. 12, 2002

Passed in the House 60 to 42 (details)

Signed by Gov. John Engler

Dec. 25, 2002