Pennsylvania HB 484: An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in disposition of abandoned and unclaimed property, further providing for certificate of finder registration, for notice and publication of lists of property subject to custody and control of the Commonwealth under this article, for income accruing after payment or delivery, for deposit of funds, for determination of claims, for penalties and for interdepartmental cooperation and providing for annual report.

Bill Text

PRINTER'S NO. 467
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 484
Session of
2025
INTRODUCED BY BIZZARRO, GUENST, PROBST, SANCHEZ, MALAGARI,
KENYATTA, DONAHUE, SCHLOSSBERG, DALEY, GREEN AND CEPEDA-
FREYTIZ, FEBRUARY 4, 2025
REFERRED TO COMMITTEE ON APPROPRIATIONS, FEBRUARY 4, 2025
AN ACT
Amending the act of April 9, 1929 (P.L.343, No.176), entitled
"An act relating to the finances of the State government;
providing for cancer control, prevention and research, for
ambulatory surgical center data collection, for the Joint
Underwriting Association, for entertainment business
financial management firms, for private dam financial
assurance and for reinstatement of item vetoes; providing for
the settlement, assessment, collection, and lien of taxes,
bonus, and all other accounts due the Commonwealth, the
collection and recovery of fees and other money or property
due or belonging to the Commonwealth, or any agency thereof,
including escheated property and the proceeds of its sale,
the custody and disbursement or other disposition of funds
and securities belonging to or in the possession of the
Commonwealth, and the settlement of claims against the
Commonwealth, the resettlement of accounts and appeals to the
courts, refunds of moneys erroneously paid to the
Commonwealth, auditing the accounts of the Commonwealth and
all agencies thereof, of all public officers collecting
moneys payable to the Commonwealth, or any agency thereof,
and all receipts of appropriations from the Commonwealth,
authorizing the Commonwealth to issue tax anticipation notes
to defray current expenses, implementing the provisions of
section 7(a) of Article VIII of the Constitution of
Pennsylvania authorizing and restricting the incurring of
certain debt and imposing penalties; affecting every
department, board, commission, and officer of the State
government, every political subdivision of the State, and
certain officers of such subdivisions, every person,
association, and corporation required to pay, assess, or
collect taxes, or to make returns or reports under the laws
imposing taxes for State purposes, or to pay license fees or
other moneys to the Commonwealth, or any agency thereof,
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every State depository and every debtor or creditor of the
Commonwealth," in disposition of abandoned and unclaimed
property, further providing for certificate of finder
registration, for notice and publication of lists of property
subject to custody and control of the Commonwealth under this
article, for income accruing after payment or delivery, for
deposit of funds, for determination of claims, for penalties
and for interdepartmental cooperation and providing for
annual report.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1301.11a(a)1 and (b)3(iii) of the act of
April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, are
amended and subsection (b) is amended by adding a clause to
read:
Section 1301.11a. Certificate of Finder Registration.--(a)
Except for a person who is admitted to practice law before a
court of a Federal or State jurisdiction or subject to section
1301.11(i), a person may not on behalf of another:
1. engage in an activity, including advertising, soliciting
or offering to provide services, for the purpose of locating,
delivering, recovering or assisting in the recovery of abandoned
or unclaimed property; and
* * *
(b) An application for a certificate of registration shall
be in writing and on the form prescribed by the State Treasurer
and accompanied by a recent full face color photograph of the
applicant. In addition to information that may be requested by
the State Treasurer, the application shall provide the
following:
* * *
3. A statement that, to the applicant's knowledge, the
applicant is not the subject of an ongoing investigation or
prosecution involving an alleged violation of a provision of
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this article or an offense of:
* * *
(iii) perjury, false swearing, fraud or other offense as
enumerated in 18 Pa.C.S. Ch. 49 Subch. A or its equivalent if
committed in another jurisdiction; [and]
3.1. A statement that the applicant agrees to limit the
applicant's fee, compensation, commission or other remuneration
for the purpose of locating, delivering, recovering or assisting
in the recovery of abandoned or unclaimed property to no more
than fifteen per centum of the amount recovered; and
* * *
Section 2. Section 1301.12(b)3 of the act is amended,
subsection (b) is amended by adding a clause and the section is
amended by adding a subsection to read:
Section 1301.12. Notice and Publication of Lists of Property
Subject to Custody and Control of the Commonwealth under this
Article.--* * *
(b) The published notice shall be entitled "Notice of Names
of Persons Appearing to b