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PA SB844
Bill
Status
6/9/2025
Primary Sponsor
Frank Farry
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AI Summary
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Increases the threshold for expedited return of unclaimed property from $500 to $10,000, allowing the State Treasurer to return property to identified owners without a formal claim when the value falls below this amount
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Amends Section 1301.19 of The Fiscal Code regarding claims for abandoned and unclaimed property paid or delivered to the Commonwealth
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Allows the State Treasurer to proactively return property or sale proceeds to persons identified as sole owners in filed reports, streamlining the recovery process
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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
Re-referred to Appropriations
6/25/2025