HOUSE BILL NO. 318 "An Act relating to property disposal by law enforcement agencies." Vice Chair Bunde spoke in support of the legislation. The legislation would allow a finder of lost property who responsibly delivers the property to the state to acquire title if the true owner were not located. He noted that the legislation was introduced as the result of an instance where a handgun was found. Vice Chair Bunde observed that the state does not have statutes to address found property. The intent is to encourage individuals to turn in found property. The legislation excludes: Property found within municipalities or boroughs; Prehistoric, archaeological, historical, Native or similar property; Property that is not legal to be possessed or people who may not posses certain property (sawed off shotguns); Companies, institutions, banks, state employees who find property in the course of their job; or Intangible property (stocks and bond). Representative Phillips questioned why cash was not covered. Vice Chair Bunde explained that cash is already covered under AS 34.35. KAREN MCCARTHY, STAFF, REPRESENTATIVE BUNDE provided information on HB 318. She clarified that AS 34.35 refers to safety deposit boxes, bonds, or securities. She observed there are already provisions for cash found on state land. Alaska Statute 34 only covers things that are already in banks or other financial institutions. In response to a question by Representative Phillips, Ms. McCarthy observed that other states have similar laws. The legislation is based on common law. Common law states that the finder has greater right to the property than any one else in the world except the true owner. Vice Chair Bunde pointed out that municipalities have their own regulations. The legislation covers items found on state property. Representative J. Davies questioned if state troopers have an obligation to advertise found property. Vice Chair Bunde responded that the troopers are not obligated to seek owners of lost property or the finder. The Department of Public Safety is concerned with alleviating the need for storage space. LT. DAVID HUDSON, ALASKA STATE TROOPERS, DEPARTMENT OF PUBLIC SAFETY stated that the legislation would benefit the Department of Public Safety by the change in section 1, which would allow disposal of property after one instead of two years. Representative J. Davies questioned if the department came into possession of a bicycle or snow machine if it would be check against items reported lost or stolen. Mr. Hudson observed that a computer check would be done to see if it had been reported. Found property would also be logged into the department's computerized system. The property would be disposed of after a year if it is not claimed. A cross-reference would be done before the disposition to see if the finder was interested in acquiring the property. Finders are not required to give their name or contact address. Representative Foster provided members with a newspaper article from 1900 (copy on file). It recounts a story of a person in Nome who found a $20 dollar bill and was advised by the Sheriff to keep the money. Vice Chair Bunde MOVED to report CSHB 318 (JUD) out of Committee with the accompanying fiscal note. There being NO OBJECTION, it was so ordered. CSHB 318 (JUD) was REPORTED out of Committee with a "do pass" recommendation and with a zero fiscal note by the Department of Public Safety dated 3/1/00.