1(3) The appeal provisions of ss. 71.88 (1) (a) and (2) (a), 71.89, 71.90, 73.01 (1),
2(2), (3), (4), and (4m), and 73.015, as they apply to a taxpayer and the department of
3revenue and consistent with this chapter, shall apply to the person and the
4administrator with respect to an assessment under this chapter.

AB752,140 6Section 140 . Subchapter XIII (title) of chapter 177 [precedes 177.1301] of the
7statutes is created to read:

AB752,63,16 14177.1301 When agreement to locate property enforceable. (1) In this
15subchapter, “locator service” means a person who locates, delivers, recovers, or
16assists in the location, delivery, and recovery of property held by the administrator.

AB752,63,18 17(2) An agreement by an apparent owner and locator service is enforceable
18under this chapter only if the agreement complies with all of the following:

AB752,63,2019 (a) It is in a written, valid contract that clearly states the nature of the property
20and the services to be provided.

AB752,63,2121 (b) It is signed by the apparent owner or by an agent of the apparent owner.

AB752,63,2422 (c) It states the amount or value of the property reasonably expected to be
23recovered, computed before and after a deduction for any fee or other compensation
24paid to the locator service.

AB752,64,3

1(d) It includes a clear and prominent statement of the fee or other compensation
2to be paid to the locator service, which may not exceed 10 percent of the actual
3amount or value of the property recovered.

AB752,64,64 (e) It includes a clear and prominent statement disclosing the name and
5address of the holder and whether the property has been paid or delivered to the
6administrator.

AB752,64,87 (f) It includes a clear and prominent statement that the owner may file a claim
8with the administrator without the assistance of a locator service.

AB752,64,13 10177.1302 When agreement to locate property void. (1) Subject to sub.
11(2), an agreement under s. 177.1301 is void if it is entered into during the period
12beginning on the date the property is paid or delivered by a holder to the
13administrator and ending 24 months after the payment or delivery.

AB752,64,18 14(2) If any provision of an agreement under s. 177.1301 applies to mineral
15proceeds for which compensation is to be paid to the locator service based in whole
16or in part on a portion of the underlying minerals or mineral proceeds not then
17presumed abandoned, the provision is void regardless of when the parties entered
18into the agreement.

AB752,64,20 19(3) This section does not apply to an apparent owner's agreement with an
20attorney to contest the administrator's denial of a claim for recovery of the property.

AB752,143 21Section 143. 177.135 of the statutes is renumbered 177.0206 and amended to
22read:

AB752,65,3 23177.0206 When U.S. savings bonds presumed abandoned. Except as
24provided in ss. 177.12 (1), 177.13, and 177.16 s. 177.0205, a U.S. savings bond that
25remains unredeemed by the owner for more than 5 years after the date of final

1maturity is presumed abandoned. In this section, “final maturity" means the date
2a U.S. savings bond stops earning interest upon reaching its final extended maturity
3date.

AB752,145 5Section 145 . Subchapter XIV (title) of chapter 177 [precedes 177.1401] of the
6statutes is created to read: