Unclaimed Property - As introduced, allows the treasurer to file the annual report regarding the total amount and value of abandoned or unclaimed property with executive and legislative branch officials electronically. - Amends TCA Title 43; Title 44; Title 47; Title 48 and Title 66.

SB 118 allows Tennessee's Treasurer to submit annual reports on unclaimed property (like forgotten bank accounts or insurance payouts) electronically instead of through traditional methods. This change directly affects the Treasurer's office and executive/legislative branch officials who receive these reports. The bill amends specific Tennessee Code sections to update reporting procedures, making the process more efficient while maintaining the same reporting requirements.