housing trust fund; unclaimed property.

SB 1590 redirects unclaimed property funds to specific trust funds. It requires 55% of these funds to go to Arizona's Housing Trust Fund, with 40% specifically for developing housing in rural areas. Additional allocations include $2 million annually to a fund for seriously mentally ill housing, $2.5 million to the general Housing Trust Fund, and $24.5 million annually to the Department of Revenue's administrative fund. The bill also specifies how other unclaimed property types (like shares, victim restitution, and insurance claims) must be handled and requires public record-keeping of claimant information. This directly affects housing development programs, mental health housing initiatives, and victim assistance funds through mandatory funding shifts.