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Claims to unclaimed property; authority of administrator.

It became law on Mar 18, 2025.

VA HB 1606 · House Bill · 2025

Stage
Became law
Started in
House
Sponsors
+37
Latest action
Mar 18, 2025

What it does

Claims to unclaimed property; authority of administrator; emergency. Authorizes the State Treasurer or his designee to make payments relating to unclaimed property without receiving a claim if the property is cash property, the apparent owner is a natural person and the sole owner of such property, the apparent owner has been identified by the State Treasurer or his designee, and the amount to be paid does not exceed $5,000. The bill contains an emergency clause. This bill is identical to SB 996.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Mar 18, 2025

Where it goes next

Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Work with this bill

Claims to unclaimed property; authority of administrator. | 52