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PA HB488

Bill

Official Source

Status

Introduced

2/4/2025

Primary Sponsor

Marla Gallo Brown

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases the threshold for the State Treasurer to return unclaimed property without a formal claim from $500 to $5,000
  • Allows the State Treasurer to pay or deliver abandoned property to a person identified as the sole owner in filed reports, without requiring the owner to submit a claim
  • Amends Section 1301.19(b) of The Fiscal Code (Act of April 9, 1929)
  • Takes effect 60 days after enactment

Legislative Description

In disposition of abandoned and unclaimed property, further providing for claim for property paid or delivered.

Last Action

Referred to State Government

2/4/2025

Committee Referrals

State Government2/4/2025

Full Bill Text

No bill text available