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 county treasurers to transfer any excess proceeds from tax-defaulted property sales - after deducting costs and attempting to return funds to the property owner - to the State Treasurer for deposit into Oklahoma's Unclaimed Property Fund. This applies to funds left after a property is sold to cover delinquent taxes and associated fees, but no longer belong to the original owner. The bill ensures unclaimed money from these sales is centralized in the state’s unclaimed property system rather than remaining with counties. It affects county treasurers (who handle tax sales) and property owners (who may reclaim funds if unclaimed). The change takes effect November 1, 2025.