Nebraska LB451 modifies the Unclaimed Property Trust Fund and Capitol Restoration Cash Fund, including fee limits for finders and fund transfers.
Nebraska LB451 amends the Unclaimed Property Trust Fund by limiting finder fees to ten percent of the property's value and requiring finders to disclose property details to the owner. It also mandates that the State Treasurer transfer balances exceeding one million dollars from the Unclaimed Property Trust Fund to the Capitol Restoration Cash Fund and the permanent school fund annually. The Capitol Restoration Cash Fund is designated for restoration, preservation, and enhancement projects of the State Capitol and its courtyards.
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