This bill proposes new regulations regarding uncashed checks issued by county treasurers and clerks in Nebraska. It mandates that each county treasurer and clerk maintain a list of checks that remain uncashed after two years, detailing the amount and the recipient's name. Checks for amounts less than one hundred dollars will be considered void three years after issuance, ceasing to be an obligation of the county. These voided checks can still be presented to the county board for potential payment approval.
Additionally, the bill stipulates that voided checks must be charged off in the county's financial records, with the corresponding funds, including any accrued interest, credited to the county's general fund. Furthermore, once a check is deemed void, it will no longer be classified as intangible personal property held for the owner and will not fall under the regulations of the Uniform Disposition of Unclaimed Property Act.