Collection of delinquent taxes; requiring transfer of excess proceeds to the State Treasurer for deposit in the Unclaimed Property Fund. Effective date.

SB 313 requires Oklahoma counties to transfer leftover funds from tax-defaulted property sales to the State Treasurer for the Unclaimed Property Fund. This applies when counties resell properties to collect unpaid taxes and have money remaining after covering costs like listing fees and publication expenses, following reasonable efforts to return the funds to the property owner. The bill directly affects county treasurers (who manage tax sales) and changes where excess proceeds from these sales are deposited. It redirects these funds from potential owner refunds to the state’s Unclaimed Property Fund, as defined in Oklahoma law.