Amendment 7: Unclaimed Property Permanent Trust Fund Amendment

Amend the state constitution to create the Unclaimed Property (UCP) Permanent Trust Fund, with the fund earmarked for payment of claims made by owners of abandoned property; allocate funds above administrative costs received due to the Uniform Unclaimed Property Act of 1997 (or its successor) to the UCP Permanent Trust Fund until equal to the state's estimated unclaimed property potential liability; allocate any additional unclaimed property receipts and any investment revenue from the UCP Permanent Trust Fund to the state's general fund; and authorize the treasurer to invest up to 50% of the UCP Permanent Trust Fund in equities.