AN ACT relating to abandoned property.

HB 733 removes an exemption that previously allowed mineral proceeds (such as royalties from oil, gas, or mineral rights) to be excluded from Kentucky's unclaimed property reporting rules. This change means mineral-related funds must now be reported to the state and turned over if unclaimed after a certain period, directly affecting mineral rights holders and companies managing such proceeds. The bill amends Kentucky law to align mineral proceeds with standard unclaimed property requirements under the Revised Uniform Unclaimed Property Act.