Electronic Reporting Philadelphia, Pennsylvania June 1, 2001

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(No Transcript)
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PRIMARY GOAL VOLUNTARY COMPLIANCE

• Primary tool - Education

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ANNUAL HOLDER WORKSHOPS ONE OF OUR TOOLS

• 2002 354 attendees
• 12 Industry-Specific groups
• Hands-on training on new software
• Group discussions of statutes and specific
  reporting issues

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ANNUAL HOLDER WORKSHOPS ONE OF OUR TOOLS

• 2003 431 attendees
• 13 Industry-Specific groups
• Hands-on software training
• Group discussions of statutes and specific
  reporting issues

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ANNUAL HOLDER WORKSHOPS ONE OF OUR TOOLS

• 2004 526 attendees
• 14 Industry-Specific groups
• Hands-on software training
• Group discussions of statutes and specific
  reporting issues

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KEYS TO EFFECTIVE WORKSHOPS

• Planning Investment of staff time in
  preparation pays off
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• Organization Increased effectiveness 
• Pre-registration and class assignments
• On-line registration

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BENEFITS OF WORKSHOPS TO TEXAS

• More complete report data 
• Increased electronic reporting
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• 2002 68 electronic reports 
• 2003 70 electronic reports
• 2004 79 electronic reports

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BENEFITS OF WORKSHOPS TO TEXAS

• Reports Received
• 2001 9,081
• 2002 10,524
• 2003 11,866

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BENEFITS OF WORKSHOPS TO TEXAS

• Properties Reported
• 2001 681,409
• 2002 732,855
• 2003 880,600

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BENEFITS OF WORKSHOPS TO TEXAS

• Revenue Received
• 2001 175 million
• 2002 203 million
• 2003 215 million

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BENEFITS OF WORKSHOPS TO TEXAS

• Completion Date
• 2001-May 1, 2002
• 2002-April 1, 2003
• 2003-March 1, 2004

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BENEFITS OF WORKSHOPS TO TEXAS

• Reduced number (and length) of software
  assistance phone calls

Direct access to our target audience
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BENEFITS OF WORKSHOPS TO TEXAS
Forum to market electronic reporting and
other emerging issues
Provides opportunity for in-house unclaimed
property training for new division employees
Staff visibility produces additional
opportunities to speak at various industry
seminars
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OTHER COMPLIANCE TOOLS

• Voluntary Disclosure Agreements
• Available since September, 2001
• Received 272 VDA reports for 11.9 million

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OTHER COMPLIANCE TOOLS
Penalty and Interest Annual billings for late
reports and late property 983 billed in
September, 2004 with 70 responses to date
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FUTURE COMPLIANCE

• Texas continues to work towards increasing the
  level of future voluntary compliance.