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 if the apparent owner is identified as a local government and the administrator believes that the local 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, providing details such as a description and value of the property.

Furthermore, the bill allows the administrator to request additional documentation from local governments to confirm their entitlement to the property. The effective date for this act is set for January 1, 2026. These changes aim to streamline the process for local governments to claim unclaimed property, ensuring they are informed and able to receive funds that may be rightfully theirs.

Statutes affected:
Original Bill: 63.30.530