unclaimed property; department of revenue
SB 1300 amends Arizona law to clarify procedures for claiming unclaimed property held by political action committees (PACs). It establishes that PAC property is presumed abandoned one year after the committee ends if unclaimed, and allows close relatives (parent, spouse, sibling, or child) of the rightful owner to claim it on their behalf. The bill also extends the claim period to 35 years after the department receives the property, overriding shorter time limits in other statutes. These changes specifically affect PACs and their former owners who might seek to reclaim dormant funds or assets.
Bill status
vetoed
4 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
May 2025
House Passage
May 2025
Vetoed
May 2025
Introduced Jan 30, 2025
Vetoed May 12, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
Senate Engrossed Version
→
HOUSE - Amended by APPROP - passed as amended
·
4 edits
MODERATE
The bill underwent a complete substantive rewrite, replacing the original text regarding unclaimed property and political action committees with new provisions for a Cochise County groundwater election. The new text establishes a special election to designate a specific area as an irrigation non-expansion zone and includes an emergency clause to make it effective immediately.
Scope change
The bill's scope shifted entirely from state-level unclaimed property administration to a local Cochise County groundwater management initiative.
SCOPE
All provisions related to unclaimed property, political action committees, and the Arizona Department of Revenue were removed.
New text was added to authorize a special election in Cochise County to designate a groundwater subbasin as an irrigation non-expansion area.
TIMELINE
New deadlines were established for calling the election, verifying voter residency, and filing the final designation order.
ENFORCEMENT
An emergency clause was added to ensure the new groundwater provisions take effect immediately.
Floor votes · House May 6, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
16
Key actions
7
Committee
1
Amendments
3
May 12, 2025
Vetoed
Vetoed by Governor
executive
May 7, 2025
Upper · Passed
PASSED
upper
May 6, 2025
Lower · Passed
PASSED
lower
May 1, 2025
Lower · Passed
DPA
lower
Mar 31, 2025
Lower · Passed
DPA/SE
lower
Feb 26, 2025
Upper · Passed
PASSED
upper
Feb 25, 2025
Upper · Passed
DPA
upper
Feb 10, 2025
Upper · Passed
DP
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Warren Petersen
RRepublican
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