housing trust fund; unclaimed property.

SB 1488 allocates unclaimed property funds to specific state trust funds. It directs 55% of monies from abandoned property sales to Arizona's housing trust fund, with 40% of that amount required for rural housing development. Additional allocations include the first $2 million annually to mental health housing, the next $2.5 million to the general housing fund, and $24.5 million annually to the department of revenue administrative fund. The bill also specifies separate funding streams for unclaimed shares/dividends (to the permanent school fund) and victim restitution payments (to victim assistance programs).