AB752,106 24Section 106 . Subchapter VIII (title) of chapter 177 [precedes 177.0801] of the
25statutes is created to read:

AB752,107 4Section 107. 177.0801 of the statutes is created to read:

AB752,49,8 5177.0801 Deposit of funds by administrator. (1) Except as provided in sub.
6(2), the administrator shall deposit in the common school fund all funds received
7under this chapter, including proceeds from the sale of property under subch. VII and
8amounts received from the redemption of U.S. savings bonds under s. 177.1504.

AB752,49,12 9(2) The administrator shall deposit in the general fund an amount that the
10administrator reasonably estimates is sufficient to pay claims allowed under this
11chapter and administrative expenses. For purposes of this subsection,
12“administrative expenses” means any of the following:

AB752,49,1313 (a) Expenses for the disposition of property delivered to the administrator.

AB752,49,1514 (b) Costs of mailing and publication in connection with property delivered to
15the administrator.

AB752,49,1616 (c) Reasonable service charges.

AB752,49,1817 (d) Expenses incurred in examining records of or collecting property from a
18putative holder or holder.

AB752,49,1919 (e) Any costs in connection with the sale of abandoned property.

AB752,49,2120 (f) Any costs in connection with the action under s. 177.0907 and the
21redemption of a U.S. savings bond under s. 177.0907.

AB752,49,2322 (g) Salaries of the employees of the office of the state treasurer and the
23administrator that are attributable to the administration of this chapter.

AB752,108 24Section 108. 177.0802 of the statutes is created to read:

AB752,50,2

1177.0802 Administrator to retain records of property. The administrator
2shall do all of the following:

AB752,50,5 3(1) Record the name, last-known address, social security number or taxpayer
4identification number, and date of birth of each person shown on a report filed under
5s. 177.0401 to be the apparent owner of property delivered to the administrator.

AB752,50,8 6(2) Record the name, last-known address, social security number or taxpayer
7identification number, and date of birth of each insured or annuitant and beneficiary
8shown on the report.

AB752,50,11 9(3) For each policy of insurance or annuity contract listed in the report of an
10insurance company, record the policy or account number, the name of the company,
11and the amount due or paid.

AB752,50,13 12(4) For each apparent owner listed in the report, record the name of the holder
13that filed the report and the amount due or paid.

AB752,50,16 14(5) For each U.S. savings bond, record the name and last-known address of
15each owner of the U.S. savings bond and the issue date, face amount, and serial
16number of the U.S. savings bond.

AB752,109 17Section 109. 177.0803 of the statutes is created to read:

AB752,50,21 18177.0803 Administrator holds property as custodian for owner. Subject
19to subch. XIV, the information recorded by the administrator under s. 177.0802 is not
20available for inspection or copying under s. 19.35 (1) until 12 months after payment
21or delivery of the property is due under s. 177.0403.

AB752,110 22Section 110. 177.09 of the statutes is renumbered 177.0215.

AB752,111 23Section 111 . Subchapter IX (title) of chapter 177 [precedes 177.0901] of the
24statutes is created to read: