reduce the amount of net receipts of unclaimed property deposited into the general fund.

Amends existing law to limit annual deposits into the general fund to operational expenses plus specific dollar amounts that decrease over time, starting at $61.4 million in 2026 and declining to $25 million by 2035.

Creates a new 'trust fund for unclaimed property' in the state treasury to hold net receipts that exceed the general fund contribution limits.

Requires the state investment officer to calculate eligible distribution amounts based on 4% of the trust fund's market value, with specific valuation methods for different time periods.

Establishes specific contribution limits for fiscal years 2026 through 2035, with a permanent cap of $25 million per year starting in 2035.

Added a 'general fund contribution limit' that caps how much unclaimed property receipts can go to the general fund, decreasing from $61M in 2026 to $25M annually starting in 2035.

Created a new 'trust fund for unclaimed property' to hold excess receipts that exceed the contribution limits.

Established that interest earnings from the new trust fund can be distributed to the general fund starting in fiscal year 2031, calculated as 4% of the fund's market value.

Modified deposit requirements to ensure unclaimed property operating fund claims and administrative costs are paid before any general fund deposits occur.