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#758655 - 06/22/07 02:26 PM Dormant Accounts
KYAuditor Offline
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KYAuditor
Joined: Jan 2003
Posts: 138
Kentucky
Does anyone know if the dormancy period for 2007 is going to be 3 years or is it going back to 7 years. I looked on the KY state treasurer website, but they only had forms for 2006.
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#758751 - 06/22/07 03:16 PM Re: Dormant Accounts KYAuditor
thigh Offline
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thigh
Joined: Mar 2003
Posts: 24
Kentucky
Did you check out Kentucky Revised Statute 393?
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#758832 - 06/22/07 04:04 PM Re: Dormant Accounts thigh
KYAuditor Offline
100 Club
KYAuditor
Joined: Jan 2003
Posts: 138
Kentucky
I know that the statute says 7 years, but the last couple of years the legislature has added a provision to the budget bill reducing the dormancy period to 3 years. I was just wondering if anyone knew if they had done this for 2007.
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#759171 - 06/22/07 06:43 PM Re: Dormant Accounts KYAuditor
MarieR Offline
Platinum Poster
Joined: Nov 2005
Posts: 614
I think they only redo the budget bill every 2 years, so the 3 year from last year would still be the valid dormancy period. You may want to double check this as I am not positive about it.
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#759658 - 06/25/07 01:12 PM Re: Dormant Accounts MarieR
thigh Offline
New Poster
thigh
Joined: Mar 2003
Posts: 24
Kentucky
I believe that you are correct....................
Last edited by thigh; 06/25/07 01:24 PM.
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