The Colorado state treasurer's office has advised the City of a state statute govering unclaimed property. The statute referenced is the Colorado Revised Uniform Unclaimed Property Act, CRS 38-13-101 et seq. (the “Act’). The Act generally requires holders of unclaimed property, such as the City, to disburse unclaimed cash and cash instruments to the state treasurer. The City may exempt itself from the Act, but only if it has adopted a local ordinance concerning unclaimed property which conflicts with the Act. This ordinance revises Code sections to comply with the Act while perserving the City’s authority to dispose of unclaimed property. The ordinance simplifies the Code sections on disposition of unclaimed property generally and property held by the police department.