This bill amends the Fiscal Code of Pennsylvania, specifically Section 1301.19, which pertains to claims for property that has been paid or delivered to the Commonwealth. The amendment allows individuals to file claims for such property using a form prescribed by the State Treasurer. Additionally, it grants the State Treasurer the authority to pay or deliver property or proceeds from its sale to a person identified as the sole owner in a report, regardless of whether a claim has been filed, provided that the value of the property or proceeds is less than $10,000.

A significant change in this bill is the increase in the threshold for property value from $500 to $10,000, which allows for a broader range of claims to be processed without the need for a formal claim to be filed. This adjustment aims to streamline the process for individuals seeking to reclaim their property from the Commonwealth, thereby enhancing efficiency in the handling of unclaimed property. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 1337 (Apr 09, 2025): P.L.343, No.176
Printer's No. 1870 (Jun 09, 2025): P.L.343, No.176
Printer's No. 1337: P.L.343, No.176