Nebraska State Treasurer Don Stenberg recently received the President’s Award from the National Association of State Auditors, Comptrollers and Treasurers (NASACT). Presenting the award was Tennessee State Treasurer David H. Lillard Jr.
“This award appropriately highlights your leadership, commitment and service to NASACT, its members, and the profession,” Treasurer Lillard said in a letter congratulating Treasurer Stenberg.
Stenberg was recognized for his work improving State Treasury management and for his role as a representative of the National Association of Unclaimed Property Administrators (NAUPA) to a committee of the Uniform Law Commission. The committee was charged with updating and improving the Model Uniform Unclaimed Property Act. The National Conference of Commissioners on Uniform State Laws drafted the revised act.
The Model Uniform Unclaimed Property Act serves as a model for state legislatures to use when revising a state’s unclaimed property laws. A committee of the Uniform Law Commission worked for more than two years on revisions to the act, which was last revised in 1995. The original act was written in 1954.
“I am honored to be nationally recognized for my work as Nebraska’s State Treasurer by my colleagues from across the nation,” Stenberg said. “The process of developing an improved Model Uniform Unclaimed Property Act was a major undertaking that continues to be of critical importance to NAUPA and to unclaimed property program administrators across the United States and in neighboring jurisdictions.”
A version of the new Model Uniform Unclaimed Property Act was introduced in the Nebraska Legislature as LB141 by Sen. Matt Williams. The bill is currently before the Legislature’s Banking, Commerce and Insurance Committee for consideration.
Stenberg is past president of NAUPA, the national association of state officials charged with collecting and returning unclaimed property to its owners. NAUPA is a network of the National Association of State Treasurers (NAST). Treasurer Stenberg was elected and currently serves as Midwestern Region Vice President of NAST.
Stenberg was elected Nebraska Treasurer in 2010 and re-elected in 2014. His term ends January 2019. The Nebraska State Treasurer’s Unclaimed Property Division returned a record $16.3 million to nearly 17,000 Nebraskans, former Nebraskans, and heirs in 2016 and is working hard to return even more property in 2017.