§ 1178 State Escheator’s contract with another to conduct compliance review and examination and limit on future employment.

12 DE Code § 1178 (2019) (N/A)
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(a) The State Escheator may contract with a person to conduct compliance reviews and examinations in accordance with this chapter but no such person shall be assigned more than 50% of the number of all such compliance reviews and examinations undertaken subsequent to January 1, 2015.

(b) Notwithstanding any other provision of this Code, every contract between the State and a person conducting examinations and providing any unclaimed property examination or consulting services must meet both of the following:

(1) Be for a term of no more than 5 years.

(2) Provide that the person may not hire, retain, or compensate in any way any employee of the Division of Revenue or the Department of Finance who functions in a senior supervisory role related to unclaimed property, including the Secretary of Finance, a Deputy Secretary of Finance, the State Escheator, or Audit Manager, for a period of 2 years from the time such employee leaves the employ of the State.

81 Del. Laws, c. 1, § 2.