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Virginia · 2025 Regular Session · Bill

SB 867: Virginia Disposition of Unclaimed Property Act; administrator to exercise due diligence to locate owner.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 867 is a bill introduced in the Virginia Senate on January 3, 2025. According to its official title, it concerns: Virginia Disposition of Unclaimed Property Act; administrator to exercise due diligence to locate owner. Primary sponsor: Bryce Reeves (Republican). Most recent recorded action (January 22, 2025): Incorporated by General Laws and Technology (SB996-Williams Graves) (15-Y 0-N).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Bryce ReevesPrimary sponsorRepublicanSenate28

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Incorporated by General Laws and Technology (SB996-Williams Graves) (15-Y 0-N)
  2. Fiscal Impact Statement from Department of Planning and Budget (SB867)
  3. Referred to Committee on General Laws and Technology
  4. Prefiled and ordered printed; Offered 01-08-2025 25103039D

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source