SB370,39,19 177.0503 (2n) (a) The administrator may publish, on behalf of the department of children and families, the name and address of an apparent owner of uncashed child support payments.

SB370,39,22 (b) At least quarterly, the department of children and families shall reimburse the administrator, based on information provided by the administrator, for any administrative expenses incurred under par. (a).

SB370,88 Section 88. 177.0504 of the statutes is created to read:

SB370,40,6 177.0504 Cooperation among state officers and agencies to locate apparent owners. Unless otherwise prohibited by law, at the request of the administrator, each officer, agency, board, commission, division, or department of this state, any body politic or corporate created by this state for a public purpose, and each political subdivision of this state shall make its books and records available to the administrator and cooperate with the administrator to determine the current address of an apparent owner of property held by the administrator under this chapter.

SB370,89 Section 89. 177.0505 of the statutes is created to read:

SB370,40,10 177.0505 Tax return identification of apparent owners. (1) Annually, before July 1, the administrator shall determine if either of the following applies to any apparent owner of abandoned property under s. 177.0503:

SB370,40,12 (a) The apparent owner has filed a tax return in the 14 months preceding the determination.

SB370,40,13 (b) The apparent owner is a debtor under s. 71.93 or 71.935.

SB370,40,15 (2) For any person who is identified in sub. (1) and who is not a debtor under sub (1) (b), the administrator shall do the following:

SB370,40,18 (a) Deliver the property to the apparent owner, in the manner provided under s. 177.0903, without requiring the apparent owner to file a claim under s. 177.0903, if the value of the abandoned property is $2,000 or less.

SB370,40,22 (b) Send written notice to the person, informing the person that he or she is the owner of abandoned property held by the state and may file a claim with the administrator for return of the property under s. 177.0903, if the value of the abandoned property is over $2,000.

SB370,41,2 (3) For any person who is identified in sub. (1) and who is a debtor under sub. (1) (b), the administrator shall setoff the abandoned property against the person's debts under s. 71.93 or 71.935. If there is any remaining property after setoff, the administrator shall proceed under sub. (2) (a) or (b).

SB370,41,4 (4) Any property paid or delivered to a person under this section is subject to recovery by the administrator as provided in s. 177.1206 and this chapter.

SB370,90 Section 90. 177.06 of the statutes is repealed.

SB370,91 Section 91 . Subchapter VI (title) of chapter 177 [precedes 177.0601] of the statutes is created to read:

SB370,41,8 CHAPTER 177

SB370,41,9 SUBCHAPTER VI

SB370,41,10 taking custody of property

SB370,41,11 by administrator

SB370,92 Section 92. 177.0601 of the statutes is created to read:

SB370,41,14 177.0601 Definition of good faith. In this subchapter, payment or delivery of property is made in good faith if any of the following applies:

SB370,41,17 (1) The holder had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter.

SB370,41,21 (2) The holder made payment or delivery in response to a demand by the administrator or administrator's agent or under guidance or a ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered.

SB370,93 Section 93. 177.0602 of the statutes is created to read:

SB370,41,25 177.0602 Dormancy charge. (1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if all of the following apply:

SB370,42,3 (a) A valid written contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time.

SB370,42,5 (b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel or not collect the charge.

SB370,42,9 (2) The amount of the deduction under sub. (1) is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.

SB370,94 Section 94. 177.0603 of the statutes is created to read: