VirginiaSB8672025 Regular SessionSenate

Virginia Disposition of Unclaimed Property Act; administrator to exercise due diligence to locate owner.

Sponsored By: Bryce E. Reeves (Republican)

Failed

Summary

Virginia Disposition of Unclaimed Property Act; administrator to exercise due diligence to locate owner. Requires the State Treasurer or his designee to exercise due diligence to locate the owner of unclaimed funds or abandoned property previously paid or delivered to the State Treasurer or his designee. Such exercise of due diligence shall include, if necessary, that the State Treasurer or his designee coordinate with the Tax Commissioner to provide the Department of the Treasury with relevant tax information for the purposes of locating such owner. This bill was incorporated into SB 996.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Bryce E. Reeves

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote • 1/22/2025

Incorporated by General Laws and Technology (SB996-Williams Graves)

Yes: 15 • No: 0

Actions Timeline

  1. Incorporated by General Laws and Technology (SB996-Williams Graves) (15-Y 0-N)

    1/22/2025Senate
  2. Fiscal Impact Statement from Department of Planning and Budget (SB867)

    1/15/2025Senate
  3. Referred to Committee on General Laws and Technology

    1/3/2025Senate
  4. Prefiled and ordered printed; Offered 01-08-2025 25103039D

    1/3/2025Senate

Bill Text

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