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NJ Senate Bill No. 978 of 2000 creates the Unclaimed Utility Deposits Trust Fund. This new fund would receive unclaimed customer property from electric and gas utilities (e.g., refunds or deposits unable to be paid), rather than having such property deposited in the Unclaimed Personal Property Trust Fund, as currently provided under the "Uniform Unclaimed Property Act(1981)," P.L.1989, c.58 (C.46:30B-1 et seq.).The new fund would annually distribute 75 percent of its deposits to a designated non-profit energy assistance organization to provide financial assistance to utility customers having short-term difficulties paying their energy bills.
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