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1(2) A record or other information that is confidential under the laws of this
2state, another state, or the United States continues to be confidential when disclosed
3or delivered under this chapter to the administrator or administrator's agent.
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4(3) The provisions of s. 71.78 (1) and (1m), as they apply to tax information,
5apply to the confidential information in sub. (1), except that the administrator may
6provide the name of a claimant or owner, along with any property claimed by or paid
7to that claimant or owner, to any other claimant filing a claim for the same property.
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8Section
150. 177.1403 of the statutes is created to read:
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9177.1403 When confidential information may be disclosed. (1) When
10reasonably necessary to enforce or implement this chapter, the administrator may
11disclose confidential information concerning property held by the administrator or
12the administrator's agent only to the following:
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(a) An apparent owner or the apparent owner's personal representative or
14special administrator, attorney, guardian, other legal representative, or a person
15entitled to inherit from the deceased apparent owner.
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(b) A department or agency of this state or the United States.
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(c) The person that administers the unclaimed property law of another state,
18if the other state accords substantially reciprocal privileges to the administrator of
19this state and if the other state is required to maintain the confidentiality and
20security of information obtained in a manner substantially equivalent to that under
21this subchapter.
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(d) A person subject to an examination as required by subch. X.
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23(2) (a) Except as otherwise provided in s. 177.1402 (1), the administrator shall
24include on the administrator's Internet site or in the database required by s.
25177.0503 the name of each apparent owner of property held by the administrator.
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1(b) The administrator may include on the administrator's Internet site or in the
2database additional information concerning the apparent owner's property, if the
3administrator believes that the information will assist in identifying and returning
4property to the owner and if the information does not disclose personal information,
5except the apparent owner's name and residential address.
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(c) The administrator may include the information described in par. (b) in
7published notices, printed publications, telecommunications, or other media or on
8the Internet.
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9(3) The administrator and the administrator's agent may not use confidential
10information provided to them or in their possession except as expressly authorized
11by this chapter or by other law.
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12Section
151. 177.15 of the statutes is repealed.
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13Section 152
. Subchapter
XV (title) of chapter 177 [precedes 177.1501] of the
14statutes is created to read:
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CHAPTER 177
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SUBCHAPTER XV
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miscellaneous provisions
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18Section
153. 177.1505 of the statutes is created to read:
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19177.1505 Voluntary disclosure. (1) The administrator may enter into
20voluntary disclosure agreements with holders if the following conditions are met:
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(a) The holder failed to file a report required under this chapter or the holder
22filed a report under this chapter and failed to include on the report all property
23subject to reporting.
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(b) The administrator is not conducting an examination or investigation of the
25holder, as provided under s. 177.1002.
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1(c) The holder has not received a notification from the administrator of an
2impending examination under s. 177.1002.
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(d) The holder has not been notified of an assessment under subch. X or XI.
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(e) The holder is not currently the subject of a civil or a criminal prosecution
5involving compliance with this chapter.
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(f) The holder agrees to report and deliver any property that was abandoned
7during any year to which the agreement applies within 60 days of execution of the
8agreement. The holder must make a reasonable effort in good faith to calculate,
9report, and deliver such property.
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(g) The holder agrees to perform duties described in s. 177.0501 within 30 days
11of execution of the agreement, unless the agreement provides otherwise.
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(h) The holder agrees to prospective compliance with this chapter.
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(i) The holder agrees to waive appeal rights under this chapter for periods
14under the agreement.
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15(2) For purposes of this section: