SB370,149 Section 149. 177.1402 of the statutes is created to read:

SB370,68,16 177.1402 Confidential information. (1) Except as otherwise provided in this chapter, the following are confidential and exempt from public inspection or disclosure under subch. II of ch. 19:

SB370,68,18 (a) Reports and records of a claimant that are in the possession of the administrator or the administrator's agent.

SB370,68,20 (b) Reports and records of a holder that are in the possession of the administrator or the administrator's agent.

SB370,68,23 (c) Personal information and other information derived or otherwise obtained by or communicated to the administrator or the administrator's agent from an examination under this chapter of the records of a person.

SB370,68,24 (d) Tax information that is confidential under s. 71.78.

SB370,69,3 (2) A record or other information that is confidential under the laws of this state, another state, or the United States continues to be confidential when disclosed or delivered under this chapter to the administrator or administrator's agent.

SB370,69,7 (3) The provisions of s. 71.78 (1) and (1m), as they apply to tax information, apply to the confidential information in sub. (1), except that the administrator may provide the name of a claimant or owner, along with any property claimed by or paid to that claimant or owner, to any other claimant filing a claim for the same property.

SB370,150 Section 150. 177.1403 of the statutes is created to read:

SB370,69,12 177.1403 When confidential information may be disclosed. (1) When reasonably necessary to enforce or implement this chapter, the administrator may disclose confidential information concerning property held by the administrator or the administrator's agent only to the following:

SB370,69,15 (a) An apparent owner or the apparent owner's personal representative or special administrator, attorney, guardian, other legal representative, or a person entitled to inherit from the deceased apparent owner.

SB370,69,16 (b) A department or agency of this state or the United States.

SB370,69,21 (c) The person that administers the unclaimed property law of another state, if the other state accords substantially reciprocal privileges to the administrator of this state and if the other state is required to maintain the confidentiality and security of information obtained in a manner substantially equivalent to that under this subchapter.

SB370,69,22 (d) A person subject to an examination as required by subch. X.

SB370,69,25 (2) (a) Except as otherwise provided in s. 177.1402 (1), the administrator shall include on the administrator's Internet site or in the database required by s. 177.0503 the name of each apparent owner of property held by the administrator.

SB370,70,5 (b) The administrator may include on the administrator's Internet site or in the database additional information concerning the apparent owner's property, if the administrator believes that the information will assist in identifying and returning property to the owner and if the information does not disclose personal information, except the apparent owner's name and residential address.

SB370,70,8 (c) The administrator may include the information described in par. (b) in published notices, printed publications, telecommunications, or other media or on the Internet.

SB370,70,11 (3) The administrator and the administrator's agent may not use confidential information provided to them or in their possession except as expressly authorized by this chapter or by other law.

SB370,151 Section 151. 177.15 of the statutes is repealed.

SB370,152 Section 152 . Subchapter XV (title) of chapter 177 [precedes 177.1501] of the statutes is created to read:

SB370,70,15 CHAPTER 177

SB370,70,16 SUBCHAPTER XV

SB370,70,17 miscellaneous provisions

SB370,153 Section 153. 177.1505 of the statutes is created to read:

SB370,70,20 177.1505 Voluntary disclosure. (1) The administrator may enter into voluntary disclosure agreements with holders if the following conditions are met:

SB370,70,23 (a) The holder failed to file a report required under this chapter or the holder filed a report under this chapter and failed to include on the report all property subject to reporting.

SB370,70,25 (b) The administrator is not conducting an examination or investigation of the holder, as provided under s. 177.1002.

SB370,71,2 (c) The holder has not received a notification from the administrator of an impending examination under s. 177.1002.

SB370,71,3 (d) The holder has not been notified of an assessment under subch. X or XI.