The 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. It allows individuals to file claims for such property using a form prescribed by the State Treasurer. A significant change in the bill is the increase in the threshold for the State Treasurer to directly pay or deliver property or proceeds to a claimant without requiring a formal claim. Previously, this threshold was set at five hundred dollars ($500), but the new legislation raises it to ten thousand dollars ($10,000).

This amendment aims to streamline the process for individuals claiming smaller amounts of unclaimed property, making it easier for them 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