03/08/2000 02:20 PM House FIN

HOUSE BILL NO. 218                                                                                                              
                                                                                                                                
"An Act relating to property loaned to or held by                                                                               
museums."                                                                                                                       
                                                                                                                                
CSHB 218 was moved from Committee on 3/3/00 with a                                                                              
conceptual amendment. Members were provided with the House                                                                      
Finance Committee version of HB 218, version 1-LS0786\I,                                                                        
dated 3/7/00.                                                                                                                   
                                                                                                                                
MIKE TIBBLES, STAFF, REPRESENTATIVE THERRIAULT explained                                                                        
that if the changes made to the bill to incorporate the                                                                         
conceptional amendment are in keeping with the Committee's                                                                      
intent no further action is needed. He reviewed CSHB 218                                                                        
(FIN).                                                                                                                          
                                                                                                                                
On page 2, lines 14 and 15: language requiring "a statement                                                                     
that the museum will acquire title to the property if a                                                                         
valid claim to the property is not made in 90 days" was                                                                         
replaced with "a statement that outlines the schedule and                                                                       
requirements for the museum to acquire title under this                                                                         
section."                                                                                                                       
                                                                                                                                
Language was amended on page 2 from line 28 to page 3 line 1                                                                    
requiring the museum: To publish the last date that the                                                                         
newspaper article will run (four weeks) and provide a                                                                           
statement that the individuals will lose title and the                                                                          
museum will acquire title within 46 days. The owner would                                                                       
have 45 days from the date of the last article.                                                                                 
                                                                                                                                
Mr. Tibbles observed that the Committee discussed a 30-day                                                                      
acquisition period. He explained that if there is not an                                                                        
address and a newspaper article is run for four weeks, then                                                                     
by the beginning of the fourth week only three weeks would                                                                      
have lapsed. The additional time was added to assure due                                                                        
process. Corresponding changes were made to reflect the                                                                         
forty-sixth day.                                                                                                                
                                                                                                                                
A conflicting definition of "notice" was also deleted to be                                                                     
consistent.                                                                                                                     
                                                                                                                                
KEVIN HAND, STAFF, REPRESENTATIVE HALCRO stated that the                                                                        
sponsor supports the change.                                                                                                    
                                                                                                                                
Representative J. Davies stated that he appreciated and                                                                         
concurred with the changes that were made.                                                                                      
                                                                                                                                
CSHB 218 was moved from Committee on 3/3/00. The Committee                                                                      
reviewed the committee substitute as it incorporated                                                                            
conceptual amendments made at that time. There were no                                                                          
changes and the bill was forwarded to the Chief Clerk's                                                                         
Office.