SB756,117 22Section 117. 177.0906 of the statutes is created to read:
SB756,55,3 23177.0906 Action by person whose claim is denied. (1) A person aggrieved
24by a claim denial of the administrator or whose claim has not been acted upon within
2590 days after its filing may petition for judicial review of the decision or of the claim

1under s. 227.52, notwithstanding s. 227.52 (1), except that petitions for review shall
2be served and filed within 90 days after the claim denial or within 180 days after the
3filing of the claim if the administrator has failed to act on it.
SB756,55,6 4(2) If the person aggrieved establishes a claim under sub. (1) and is a debtor
5under s. 71.93 or 71.935, the administrator shall first setoff against the person's debt
6under s. 71.93 or 71.935 before delivery or payment of the property to the owner.
SB756,118 7Section 118. 177.10 of the statutes is repealed.
SB756,119 8Section 119 . Subchapter X (title) of chapter 177 [precedes 177.1001] of the
9statutes is created to read:
SB756,55,1010 CHAPTER 177
SB756,55,1111 SUBCHAPTER X
SB756,55,1212 requests for reports;
SB756,55,1313 examination of records
SB756,120 14Section 120. 177.1001 of the statutes is created to read:
SB756,55,19 15177.1001 Verified report of property. If a person does not file a report
16required under s. 177.0401 or the administrator believes that a person may have
17filed an inaccurate, incomplete, or false report, the administrator may require the
18person to file a verified report in a form prescribed by the administrator. A verified
19report shall include all of the following:
SB756,55,21 20(1) A statement as to whether the person is holding property that is reportable
21under this chapter.
SB756,55,23 22(2) A description of the property not previously reported or about which the
23administrator has inquired.
SB756,55,25 24(3) A specific identification of property described under sub. (2) about which
25there is a dispute whether it is reportable under this chapter.
SB756,56,1
1(4) The amount or value of the property.
SB756,121 2Section 121. 177.1002 (3) of the statutes is created to read:
SB756,56,63 177.1002 (3) The administrator may at reasonable times and on reasonable
4notice issue an administrative subpoena requiring the person or agent of the person
5to make records available for examination. The attorney general may bring an action
6seeking judicial enforcement of a subpoena issued under this subsection.
SB756,122 7Section 122. 177.1002 (4) of the statutes is created to read:
SB756,56,118 177.1002 (4) If any person fails to file any report or refuses to deliver property
9to the administrator as required under this chapter, the administrator may bring an
10action in a court of appropriate jurisdiction to require the filing of the report and to
11enforce delivery of the property.
SB756,123 12Section 123. 177.1003 of the statutes is created to read:
SB756,56,15 13177.1003 Records obtained in examination. Records obtained and records,
14including work papers, compiled by the administrator in the course of conducting an
15examination under s. 177.1002:
SB756,56,17 16(1) Are subject to the confidentiality and security provisions of subch. XIV and
17are not public records for purposes of subch. II of ch. 19.
SB756,56,19 18(2) May be used by the administrator in an action to collect property or
19otherwise enforce this chapter.
SB756,56,25 20(3) May be used in a joint examination conducted with another state, the
21federal government, a foreign country or subordinate unit of a foreign country, or any
22other governmental entity if the governmental entity conducting the examination is
23legally bound to maintain the confidentiality and security of information obtained
24from a person subject to examination in a manner substantially equivalent to that
25under subch. XIV.
SB756,57,5
1(4) May be disclosed to the person that administers the unclaimed property law
2of another state, upon that person's request, for that state's use in circumstances
3equivalent to circumstances described in this subchapter, if the other state is
4required to maintain the confidentiality and security of information obtained in a
5manner substantially equivalent to that under subch. XIV.
SB756,124 6Section 124. 177.1004 of the statutes is created to read:
SB756,57,12 7177.1004 Failure of person examined to retain records. If a person
8subject to examination under s. 177.1002 does not retain the records required by s.
9177.0404, the administrator may determine the value of property due using a
10reasonable method of estimation based on all information available to the
11administrator, including extrapolation and use of statistical sampling when
12appropriate and necessary.
SB756,125 13Section 125. 177.11 of the statutes is repealed.
SB756,126 14Section 126 . Subchapter XI (title) of chapter 177 [precedes 177.1101] of the
15statutes is created to read: