The bill amends RCW 63.30.530 to facilitate the distribution of unclaimed property to local governments. It introduces new provisions allowing the administrator to waive the requirement for claim verification when the apparent owner is identified as a local government. Specifically, the administrator can directly pay or deliver property to a local government if it is determined that the government is entitled to receive the property. Additionally, the bill mandates that the administrator must notify local governments annually about any unclaimed property that may belong to them, including details such as property description, value, and any conditions or restrictions.

Furthermore, the bill allows the administrator to request additional documentation from local governments to confirm their entitlement to the property. This legislative change aims to streamline the process for local governments to claim unclaimed property, ensuring they are informed and able to receive funds or assets that rightfully belong to them. The act is set to take effect on January 1, 2026.

Statutes affected:
Original Bill: 63.30.530