The bill amends Section 1301.19 of The Fiscal Code, originally enacted on April 9, 1929, to update the provisions regarding claims for property that has been paid or delivered to the Commonwealth. It allows individuals claiming an interest in such property to file a claim 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, provided that the value of the property or proceeds is less than $10,000, an increase from the previous threshold of $500.

This change aims to streamline the process for individuals seeking to reclaim their property from the Commonwealth, making it easier for those with lower-value claims to receive their funds without the need for a formal claim process. The bill is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 922 (Jun 09, 2025): P.L.343, No.176