SB 488: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAIMED PROPERTY PROGRAM AND SECOND INJURY FUND.
SB 488 status: Enacted — SIGNED BY GOVERNOR (updated Jun 4, 2026).
What this bill does
Overall score
Bill summary
OfficialAN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAIMED PROPERTY PROGRAM AND SECOND INJURY FUND.. Currently in Senate.
Key analysis
Impact analysis
Environment
Benefits
- No identified environmental impact.
Risks
- No identified environmental impact.
Economy
Benefits
- Modernizes administrative processes for unclaimed assets
- Improves efficiency of state treasury programs
Risks
- Administrative changes may complicate some reporting requirements for businesses
Society
Benefits
- Potential improvements to Second Injury Fund claims processing
- Streamlines asset recovery for citizens
Risks
- Limited public visibility into specific programmatic changes
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Reliance on summary level metadata may omit critical changes to eligibility criteria or claimant notification procedures
Analysis based on abstract summary; full legislative text not reviewed
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CompleteEnacted
CompleteHow it affects your district
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