ENJOY YOUR "GIFT" Folks

 In  1995, Garkane CEO Carl R. Albrecht and the Garkane Board of Directors  lobbied and passed H.B. 255− a bill that transferred unclaimed property  from rightful owners to the board and CEO. The bill was amended in 2016  to allow more inclusive gifting. The specific wording in the bill, lines  363-372 state: “A cooperative shall retain an unclaimed capital credit.  A cooperative shall use the proceeds of a retained unclaimed capital  credit to: pay all or a portion of a low-income individual’s utility  bills; provide scholarships to graduating high school seniors in the  area where the cooperative provides service; or provide financial  assistance to, in the area where the cooperative provides service; a school; a non-profit organization; or a community organization.”