Kentucky legislation · 2026 Regular Session
Kentucky HB456: AN ACT relating to the State Treasurer and unclaimed property.
Status: Signed into law, April 10, 2026
Create a new section of KRS Chapter 2 establishing the fourth week of September of each year to be Unclaimed Property Week; amend KRS 41.020 to remove Treasurer's requirement to maintain his or her residency at the seat of government; amend KRS 393A.020 to remove mineral proceeds from the KRS list of property to which the chapter does not apply; amend KRS 393A.740 to include deficient reports as punishable by civil penalty.
What the bill says
An act relating to the State Treasurer and unclaimed property.
From the engrossed text:
AN ACT relating to the State Treasurer and unclaimed property. Be it enacted by the General Assembly of the Commonwealth of Kentucky: SECTION 1. A NEW SECTION OF KRS CHAPTER 2 IS CREATED TO READ AS FOLLOWS: The fourth week of September of each year is designated as Unclaimed Property Week. Section 2. KRS 41.020 is amended to read as follows: The Department of the Treasury shall be headed by the State Treasurer. He or she shall[ reside and] keep his or her office at the seat of government. Section 3. KRS 393A.740 is amended to read as follows: (1) If a holder enters into a contract or other arrangement for the purpose of evading an obligation under this chapter or otherwise willfully fails to perform a duty imposed on the holder under this chapter, the administrator may require the holder to pay the administrator, in addition to interest as provided in KRS 393A.730, a civil penalty of one thousand dollars ($1,000) for each day the obligation is evaded or the duty is not performed, up to a cumulative maximum amount of twenty-five thousand dollars ($25,000), plus twenty-five percent (25%) of the amount or value of property that should have been but was not reported, paid, or delivered as a result of the evasion or failure to perform. (2) If …
Sponsors
- Chris Freeland (R, HD-006) · primary sponsor
- George Brown (D, HD-077)
Latest actions
- : signed by Governor (Acts Ch. 78)
- : delivered to Governor
- : enrolled, signed by President of the Senate
- : enrolled, signed by Speaker of the House
- : passed 96-0
- : House concurred in Committee Substitute (1)
- : posted for passage for concurrence in Senate Committee Substitute (1)
- : to Rules (H)
- : received in House
- : 3rd reading, passed 37-0 with Committee Substitute (1)
Votes
- House: Final Passage RCS# 375 (March 31, 2026): 96 yea, 0 nay, passed
- Senate: Floor Vote (SCS 1) RSN# 3974 (March 20, 2026): 37 yea, 0 nay, passed
- House: Pass RCS# 108 (February 18, 2026): 99 yea, 0 nay, passed
Subjects: Property, Commendations And Recognitions, Treasurer, Minerals And Mining
Common questions
- What is HB456?
- HB456 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the State Treasurer and unclaimed property.
- What does HB456 do?
- In its own words: An act relating to the State Treasurer and unclaimed property.
- What is the status of HB456?
- Signed into law as of April 10, 2026. Latest action: signed by Governor (Acts Ch. 78) (April 10, 2026).
- Who sponsored HB456?
- Chris Freeland (R, HD-006), with 1 co-sponsor.
- Where is the official record for HB456?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb456.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.