Change provisions relating to notice requirements for property presumed abandoned

LB 869 amends Nebraska law to change how the State Treasurer notifies owners about property presumed abandoned under the Uniform Disposition of Unclaimed Property Act. The bill requires the State Treasurer to publish notice in local English-language legal newspapers (or statewide if no address is known) and to mail written notice to owners with property valued at $50 or more. It removes the previous $50 minimum for published notices, allowing the Treasurer to publish smaller-value items if deemed in the public interest. This directly affects property owners who may have unclaimed assets and the State Treasurer’s office, which administers the notice process. The change aims to improve notification accuracy and accessibility for owners seeking their property.