|(a) Each state agency shall transfer to the comptroller all information not later than June 1. A state agency may transfer information to the comptroller more often than one time per year. A state agency may periodically update previously transferred information as often as the comptroller and state agency deem necessary. (b) A state agency shall transfer information in a format that recognizes the security concerns of transmitting the information. The comptroller and state agencies shall take precautions to protect the confidentiality of the information transferred. The comptroller and state agencies shall work collaboratively to develop the means and processes to securely transfer information from the state agencies to the comptroller. (c) After using the information provided by the state agencies to identify persons that may have claims to unclaimed property held by the comptroller, the comptroller may purge the information from its systems provided that the purging of the information takes into account the security, sensitivity and confidentiality of the information to be purged.