AB325,51,24 21(2) The administrator shall deposit in the general fund an amount that the
22administrator reasonably estimates is sufficient to pay claims allowed under this
23chapter and administrative expenses. For purposes of this subsection,
24“administrative expenses” means any of the following:

AB325,51,2525 (a) Expenses for the disposition of property delivered to the administrator.

1(b) Costs of mailing and publication in connection with property delivered to
2the administrator.

AB325,52,33 (c) Reasonable service charges.

AB325,52,54 (d) Expenses incurred in examining records of or collecting property from a
5putative holder or holder.

AB325,52,66 (e) Any costs in connection with the sale of abandoned property.

AB325,52,87 (f) Any costs in connection with the action under s. 177.0907 and the
8redemption of a U.S. savings bond under s. 177.0907.

AB325,52,109 (g) Salaries of the employees of the office of the state treasurer and the
10administrator that are attributable to the administration of this chapter.

AB325,52,1111 (h) Any costs in connection with the payment of interest under s. 177.0607.

AB325,52,14 13177.0802 Administrator to retain records of property. The administrator
14shall do all of the following:

AB325,52,17 15(1) Record the name, last-known address, social security number or taxpayer
16identification number, and date of birth of each person shown on a report filed under
17s. 177.0401 to be the apparent owner of property delivered to the administrator.

AB325,52,20 18(2) Record the name, last-known address, social security number or taxpayer
19identification number, and date of birth of each insured or annuitant and beneficiary
20shown on the report.

AB325,52,23 21(3) For each policy of insurance or annuity contract listed in the report of an
22insurance company, record the policy or account number, the name of the company,
23and the amount due or paid.

AB325,52,25 24(4) For each apparent owner listed in the report, record the name of the holder
25that filed the report and the amount due or paid.

AB325,53,3

1(5) For each U.S. savings bond, record the name and last-known address of
2each owner of the U.S. savings bond and the issue date, face amount, and serial
3number of the U.S. savings bond.

AB325,114 5Section 114 . Subchapter IX (title) of chapter 177 [precedes 177.0901] of the
6statutes is created to read:

AB325,53,16 12177.0901 Claim of another state to recover property. (1) If the
13administrator knows that property held by the administrator under this chapter is
14subject to a superior claim of another state, the administrator shall report and pay
15or deliver the property to the other state or return the property to the holder so that
16the holder may pay or deliver the property to the other state.

AB325,53,18 17(2) The administrator may enter into an agreement to transfer property to the
18other state under sub. (1).

AB325,53,22 20177.0902 When property subject to recovery by another state. (1)
21Property held under this chapter by the administrator is subject to the right of
22another state to take custody of the property if any of the following applies:

AB325,54,323 (a) The property was paid or delivered to the administrator because the records
24of the holder did not reflect a last-known address in the other state of the apparent
25owner and the other state establishes that the last-known address of the apparent

1owner or other person entitled to the property was in the other state or, under the
2law of the other state, the property has become subject to a claim by the other state
3of abandonment.

AB325,54,74 (b) The records of the holder did not accurately identify the owner of the
5property, the last-known address of the owner was in another state, and, under the
6law of the other state, the property has become subject to a claim by the other state
7of abandonment.