Transfers from Unclaimed Property Trust Fund
Summary
On June 30, 2026, the state treasurer is required to transfer the following amounts from the unclaimed property trust fund (UPTF):$72.8 million to the general fund; and$2.2 million to the division of housing to be deposited into the housing development grant fund (grant fund). On July 1, 2026, the act repeals the statutory provisions that authorize future transfers from the UPTF to the grant fund and to the adult dental fund. For the 2026-27 state fiscal year, $63,491,322 is appropriated from the general fund to the department of health care policy and financing (HCPF), and an appropriation to HCPF from the adult dental fund is decreased by a corresponding amount. The appropriation takes effect only if the annual general appropriation act for the 2026-27 state fiscal year becomes law.(Note: This summary applies to this bill as enacted.)
Bill status
signed
all 5 stages cleared
Introduction
Apr 2026
Committee Review
Apr 2026
House Passage
May 2026
Senate Passage
May 2026
Signed into Law
May 2026
Introduced Apr 2, 2026
Signed May 29, 2026
Maddy AI version diff · 5 comparisons
What changed between versions
Rerevised
→
Final Act
·
3 edits
·
May 26, 2026
MINOR
This bill finalizes the transfer of $72.8 million from the Unclaimed Property Trust Fund to the General Fund and $2.2 million to the Housing Development Grant Fund for the 2026 fiscal year. It also permanently repeals the statutory authority for future transfers to these funds, ensuring that unclaimed property is no longer automatically diverted to housing or dental programs after this specific fiscal year.
Scope change
The bill's scope is narrowed by terminating the ongoing mechanism for transferring money from the Unclaimed Property Trust Fund to the Housing Development Grant Fund and the Adult Dental Fund, limiting these transfers to the current fiscal year only.
FISCAL
The specific transfer amounts of $72.8 million to the General Fund and $2.2 million to the Housing Development Grant Fund were finalized for the 2026 fiscal year.
REQUIREMENT
Future statutory requirements for transferring money from the Unclaimed Property Trust Fund to the Housing Development Grant Fund and the Adult Dental Fund were repealed, effective July 1, 2026.
TIMELINE
The effective date for repealing future transfer provisions was set to July 1, 2026, ensuring the changes take effect at the start of the next fiscal year.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
14
Key actions
7
Committee
2
May 29, 2026
Signed into law
Governor Signed
executive
May 28, 2026
Upper · Passed
Signed by the President of the Senate
upper
May 28, 2026
Lower · Passed
Signed by the Speaker of the House
lower
Apr 16, 2026
Upper · Passed
Senate Third Reading Passed - No Amendments
upper
Apr 14, 2026
Upper · Passed
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
upper
Apr 13, 2026
Introduced
Introduced In Senate - Assigned to Appropriations
upper
Apr 11, 2026
Lower · Passed
House Third Reading Passed - No Amendments
lower
Apr 6, 2026
Lower · Passed
House Committee on Appropriations Refer Unamended to House Committee of the Whole
lower
Apr 2, 2026
Introduced
Introduced In House - Assigned to Appropriations
lower
6 primary · 4 co-sponsors
Sponsors
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