SB756,144 4Section 144. 177.14 of the statutes is repealed.
SB756,145 5Section 145 . Subchapter XIV (title) of chapter 177 [precedes 177.1401] of the
6statutes is created to read:
SB756,65,77 CHAPTER 177
SB756,65,88 SUBCHAPTER XIV
SB756,65,99 confidentiality and security
SB756,65,1010 of information
SB756,146 11Section 146. 177.1401 of the statutes is created to read:
SB756,65,13 12177.1401 Definitions; applicability. (1) In this subchapter, “personal
13information” means the following:
SB756,65,1614 (a) Information that identifies or reasonable can be used to identify an
15individual, including an individual's first and last name in combination with any of
16the following information associated with the individual:
SB756,65,1717 1. A social security number or other government-issued number or identifier.
SB756,65,1818 2. Date of birth.
SB756,65,1919 3. Residential address.
SB756,65,2120 4. An e-mail address or other online contact information or Internet provider
21address.
SB756,65,2222 5. A financial account number or credit or debit card number.
SB756,65,2323 6. Biometric data, health or medical data, or insurance information.
SB756,65,2524 7. Passwords or other credentials that permit access to an online or other
25account.
SB756,66,2
1(b) Personally identifiable financial or insurance information, including
2nonpublic personal information as defined by federal law.
SB756,66,63 (c) Any combination of data that, if accessed, disclosed, modified, or destroyed
4without authorization of the owner of the data or if lost or misused, would require
5notice or reporting under state or federal law, regardless of whether the
6administrator or the administrator's agent is subject to such law.
SB756,66,9 7(2) All provisions of this subchapter that apply to the administrator or the
8records of the administrator apply to the administrator's agent and the records of the
9administrator's agent.
SB756,147 10Section 147. 177.1402 of the statutes is created to read:
SB756,66,13 11177.1402 Confidential information. (1) Except as otherwise provided in
12this chapter, the following are confidential and exempt from public inspection or
13disclosure under subch. II of ch. 19:
SB756,66,1514 (a) Records of the administrator and the administrator's agent related to the
15administration of this chapter.
SB756,66,1716 (b) Reports and records of a holder that are in the possession of the
17administrator or the administrator's agent.
SB756,66,2018 (c) Personal information and other information derived or otherwise obtained
19by or communicated to the administrator or the administrator's agent from an
20examination under this chapter of the records of a person.
SB756,66,2121 (d) Tax information that is confidential under s. 71.78.
SB756,66,24 22(2) A record or other information that is confidential under the laws of this
23state, another state, or the United States continues to be confidential when disclosed
24or delivered under this chapter to the administrator or administrator's agent.
SB756,67,4
1(3) The provisions of s. 71.78 (1) and (1m), as they apply to tax information,
2apply to the confidential information in sub. (1), except that the administrator may
3provide the name of a claimant or owner, along with any property claimed by or paid
4to that claimant or owner, to any other claimant filing a claim for the same property.
SB756,148 5Section 148. 177.1403 of the statutes is created to read:
SB756,67,9 6177.1403 When confidential information may be disclosed. (1) When
7reasonably necessary to enforce or implement this chapter, the administrator may
8disclose confidential information concerning property held by the administrator or
9the administrator's agent only to the following:
SB756,67,1210 (a) An apparent owner or the apparent owner's personal representative or
11special administrator, attorney, guardian, other legal representative, or a person
12entitled to inherit from the deceased apparent owner.
SB756,67,1313 (b) A department or agency of this state or the United States.
SB756,67,1814 (c) The person that administers the unclaimed property law of another state,
15if the other state accords substantially reciprocal privileges to the administrator of
16this state and if the other state is required to maintain the confidentiality and
17security of information obtained in a manner substantially equivalent to that under
18this subchapter.
SB756,67,1919 (d) A person subject to an examination as required by subch. X.
SB756,67,22 20(2) (a) Except as otherwise provided in s. 177.1402 (1), the administrator shall
21include on the administrator's Internet site or in the database required by s.
22177.0503 the name of each apparent owner of property held by the administrator.
SB756,68,223 (b) The administrator may include on the administrator's Internet site or in the
24database additional information concerning the apparent owner's property, if the
25administrator believes that the information will assist in identifying and returning

1property to the owner and if the information does not disclose personal information,
2except the apparent owner's name and residential address.
SB756,68,53 (c) The administrator may include the information described in par. (b) in
4published notices, printed publications, telecommunications, or other media or on
5the Internet.
SB756,68,8 6(3) The administrator and the administrator's agent may not use confidential
7information provided to them or in their possession except as expressly authorized
8by this chapter or by other law.
SB756,149 9Section 149. 177.15 of the statutes is repealed.
SB756,150 10Section 150 . Subchapter XV (title) of chapter 177 [precedes 177.1501] of the
11statutes is created to read:
SB756,68,1212 CHAPTER 177
SB756,68,1313 SUBCHAPTER XV
SB756,68,1414 miscellaneous provisions
SB756,151 15Section 151. 177.1505 of the statutes is created to read:
SB756,68,17 16177.1505 Voluntary disclosure. (1) The administrator may enter into
17voluntary disclosure agreements with holders if the following conditions are met:
SB756,68,2018 (a) The holder failed to file a report required under this chapter or the holder
19filed a report under this chapter and failed to include on the report all property
20subject to reporting.
SB756,68,2221 (b) The administrator is not conducting an examination or investigation of the
22holder, as provided under s. 177.1002.
SB756,68,2423 (c) The holder has not received a notification from the administrator of an
24impending examination under s. 177.1002.
SB756,68,2525 (d) The holder has not been notified of an assessment under subch. X or XI.
SB756,69,2
1(e) The holder is not currently the subject of a civil or a criminal prosecution
2involving compliance with this chapter.
SB756,69,63 (f) The holder agrees to report and deliver any property that was abandoned
4during any year to which the agreement applies within 60 days of execution of the
5agreement. The holder must make a reasonable effort in good faith to calculate,
6report, and deliver such property.
SB756,69,87 (g) The holder agrees to perform duties described in s. 177.0501 within 30 days
8of execution of the agreement, unless the agreement provides otherwise.
SB756,69,99 (h) The holder agrees to prospective compliance with this chapter.
SB756,69,1110 (i) The holder agrees to waive appeal rights under this chapter for periods
11under the agreement.
SB756,69,12 12(2) For purposes of this section:
SB756,69,1413 (a) The filing date is the date that the holder's application for voluntary
14compliance is received by the administrator.
SB756,69,1615 (b) The agreement is executed when signed by the holder and the
16administrator.
SB756,69,1817 (c) The administrator may extend the time during which the holder is to comply
18with sub. (1) (f).
SB756,69,2119 (d) A holder who enters into an agreement with the administrator and upon
20compliance with the terms in the agreement shall be relieved of any further liability
21with respect to the property reported by the holder under the agreement.
SB756,69,2422 (e) A holder who enters into an agreement with the administrator shall
23maintain records with regard to property covered under the agreement in accordance
24with s. 177.0404.
SB756,70,2
1(f) The agreement shall apply to the 5 reporting periods immediately preceding
2the filing date of the holder's application.
SB756,70,93 (g) The administrator shall waive rights to an examination of records under s.
4177.1001 with respect to the reporting periods in par. (f), and all earlier periods,
5except for the purpose of the administrator making determinations with respect to
6sub. (3) (a) and (b). Unless an agreement is null and void as provided in sub. (3), the
7administrator shall not have any cause of action against the holder resulting from
8failure of the holder to report any property abandoned during the reporting periods
9to which par. (f) applies or to any earlier periods.
SB756,70,13 10(3) The administrator may declare an executed agreement null and void. In
11the case of an agreement that is null and void, the holder remains subject to all other
12provisions of this chapter. The administrator may declare an executed agreement
13null and void if at least one of the following applies:
SB756,70,1614 (a) Fraud or intentional misrepresentation by the holder or those acting on the
15holder's behalf with respect to the property required to be reported for the period
16covered by the agreement.
SB756,70,1917 (b) It is determined by the administrator that the property reported by the
18holder for the period covered by the agreement is less than 75 percent of the value
19of all property reportable by the holder for the period.
SB756,70,2120 (c) The holder fails to remain in compliance with this chapter for no less than
21the 4 reporting periods following the final reporting period covered by the agreement.
SB756,71,5 22(4) The administrator shall waive the provisions of s. 177.1204 with respect to
23reporting periods covered by the agreement if an application for voluntary disclosure
24is received by the administrator between the first day of the 3rd month and the last
25day of the 12th month after the effective date of this subsection .... [LRB inserts date],

1and a voluntary disclosure agreement is executed within 180 days of receipt of the
2application by the administrator. The administrator may enter into an agreement
3with a holder to extend the date upon which the agreement must be executed and
4shall waive the provisions of s. 177.1204 with respect to reporting periods covered by
5an agreement executed under such extension.
SB756,152 6Section 152. 177.16 of the statutes is repealed.
SB756,153 7Section 153. 177.165 of the statutes is renumbered 177.0209 and amended to
8read:
SB756,71,14 9177.0209 Proceeds from sale of property in self-service storage facility.
10Notwithstanding s. 177.02 (1) any other provision under this chapter, the proceeds
11of a sale under s. 704.90 (6) of personal property stored in a leased facility located
12within a self-service storage facility after satisfaction of the operator's lien under s.
13704.90 (3) (a)
is presumed abandoned immediately after satisfaction of the operator's
14lien under s. 704.90 (3) (a)
.
SB756,154 15Section 154. 177.17 of the statutes is repealed.
SB756,155 16Section 155. 177.18 of the statutes is renumbered 177.0503, and 177.0503
17(title), (1), (1g), (1m), (2m) and (4), as renumbered, are amended to read:
SB756,72,7 18177.0503 (title) Notice and publication of lists of abandoned or
19escheated property
by administrator . (1) Before July 1 of each year, the
20administrator shall publish on an Internet site maintained by the administrator a
21notice of the names of persons appearing to be apparent owners of abandoned
22property reported and remitted to the administrator. Except as provided in sub.
23(1m), the notice shall include the name and last-known address of each person
24identified in a report filed under s. 177.17 177.0401 since the publication of the
25previous notice. The administrator shall also publish the in a newspaper the names

1of apparent owners of abandoned property reported and remitted to the
2administrator in the previous reporting year. The
notice as shall be a class 1 notice
3under ch. 985, and published in a newspaper of general circulation in the county in
4which is located the last-known address of the person to be named in the notice. If
5no address is listed or the address is outside this state, the notice shall be published
6in the county in which the holder of the property has its principal place of business
7within this state
official state newspaper.
SB756,72,11 8(1g) In addition to any notice required under sub. (1), the administrator shall
9also publish, in the notice described under sub. (1), the name and last-known
10address of each owner of a U.S. savings bond that has been presumed abandoned
11under s. 177.135 177.0206 since the publication of the previous notice.
SB756,72,16 12(1m) If the address of a person to be named in a notice under sub. (1) is outside
13this state, and if the administrator has entered into an agreement under s. 177.33
14(1)
177.1202 with the state in which the address is located, the administrator may
15omit the information specified in sub. (2) with respect to that person from the notice
16published under sub. (1).
SB756,72,24 17(2m) For money or other property received under s. 852.01 (3), 863.37 (2) or
18863.39 (1), a notice shall be published at least annually in the official state
19newspaper and shall include the name of the decedent, the time and place of the
20decedent's death,
the amount paid to the administrator, the name of the decedent's
21personal representative,
the county in which the estate is probated and a statement
22that the money will be paid to the heirs or legatees without interest, on proof of
23ownership, if claimed within 10 years from the date of publication as provided in s.
24863.39 (3).
SB756,73,3
1(4) This section does not apply to sums payable on travelers checks, money
2orders and other written instruments presumed abandoned under s. 177.04
3177.0201.
SB756,156 4Section 156. 177.19 of the statutes is repealed.
SB756,157 5Section 157. 177.20 of the statutes is repealed.
SB756,158 6Section 158. 177.21 of the statutes is repealed.
SB756,159 7Section 159. 177.22 of the statutes is repealed.
SB756,160 8Section 160. 177.225 of the statutes is renumbered 177.1504, and 177.1504
9(1) (a) to (c) and (2), as renumbered, are amended to read:
SB756,73,1110 177.1504 (1) (a) The U.S. savings bond has been presumed abandoned under
11s. 177.135 177.0206 for at least one year.
SB756,73,1312 (b) The U.S. savings bond is subject to the custody of this state as unclaimed
13property under s. 177.03 subch. III.
SB756,73,1514 (c) At least one year has elapsed since the administrator published the notice
15required under s. 177.18 (1g) 177.0503.
SB756,73,24 16(2) An action under sub. (1) may be commenced in the circuit court for Dane
17County or in any county that would be a proper place of trial under s. 801.50. Subject
18to sub. (3), service may be made under s. 801.11 (1) (c) by publication of a notice
19published as a class 3 notice under ch. 985. In determining which newspaper is likely
20to give notice as required under s. 985.02 (1), the administrator shall consider the
21conditions under s. 177.03 177.0503 that made the U.S. savings bond subject to the
22custody of this state as unclaimed property. The administrator may postpone
23commencing an action under this subsection until sufficient U.S. savings bonds meet
24the conditions under sub. (1) to justify the expense of the action.
SB756,161 25Section 161. 177.23 of the statutes is repealed.
SB756,162
1Section 162. 177.24 of the statutes is repealed.
SB756,163 2Section 163. 177.25 of the statutes is repealed.
SB756,164 3Section 164. 177.255 of the statutes is renumbered 177.0907 and amended to
4read:
Loading...
Loading...