Municipal Utility Unclaimed Utility Deposit Program

Header text changed from 'PREAMENDED' to 'REREVISED' to indicate this version includes all adopted amendments.

Five new sponsors (Bird, Duran, Johnson, Keltie, Valdez) were added to the House sponsorship list.

Reading dates and committee assignments were added to show legislative progress.

Municipally owned utilities are now eligible to voluntarily participate in the unclaimed utility deposits program by electing to contribute funds.

Municipally owned utilities may choose to pay unclaimed deposits into either the commission-designated fund or a fund designated by their governing body.

Clarified that the article's applicability excludes municipally owned utilities unless they elect to participate, while maintaining that electric and gas utility definitions exclude municipally owned utilities by default.

Added official legislative formatting elements including session information, committee assignments, and bill summary text.

Added a note indicating the bill is prepared for signatures and directing readers to consult legislative status sheets for Governor action.

Reformatted the bill title and sponsor information with different indentation and spacing.

Adjusted signature page formatting, replacing handwritten-style text with blank lines for signatures.

Corrected minor formatting inconsistencies in page headers and footers.

Added explicit language stating that municipally owned utilities may voluntarily elect to participate in the unclaimed utility deposits program.

Modified the definition of 'electric utility' to clarify that it includes cooperative electric associations that notify the commission of their election to participate, while explicitly excluding municipally owned utilities from the standard definition.

Added a specific definition stating that 'electric utility' does not include a municipally owned utility.

Modified the definition of 'gas utility' to explicitly exclude municipally owned utilities from the standard definition.

Added requirements for municipally owned utilities that choose to participate, including the option to pay deposits into either the state fund or their own fund, and the requirement to define unclaimed deposits consistently with state law.

Updated version label from 'Engrossed' to 'Reengrossed' to reflect amendments adopted in the House of Introduction.

Revised bill summary date to February 19, 2025, and clarified that the summary reflects the reengrossed version rather than the original introduced version.

Document status changed from 'INTRODUCED' to 'ENGROSSED' to reflect completion of the legislative process and incorporation of all amendments.

Added date stamp of February 18, 2025, indicating when the engrossed version was finalized.

Footer page numbers were updated to remove the full bill number 'SB25-068' and display only '068'.