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p0485 REVIEW DENIED Retroactive application of an amendment to the Unclaimed Property Law providing that interest charges shall not be imposed on escheated property delivered to the Controller prior to December 31, 2001 would deprive the state of interest to which it otherwise would have been entitled and would therefore violate the provision of the California Constitution prohibiting the Legislature from making gifts of public funds.CitationWESTLY v US BANCORP (Escheat Interest) 114 CA4 577 [See: CA Const XVI, 6; CCP 1577.5; Di Genova v State Bd of Ed 57 C2 167]
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